Standard Bank issues landmark green bond transaction

greenmoney_Adobe_230x150
By Mariam Meskin
03 Mar 2020

South Africa’s Standard Bank has issued a $200m green bond, which was bought by the International Finance Corporation (IFC) in its entirety. The deal is the largest green bond ever issued by an African borrower.

The landmark transaction is a $200m 10 year transaction — the largest green bond raised in Africa so far. The coupon is 2.875%.

The entire issue was placed privately with the IFC, which itself is one of the largest  issuers of green bonds worldwide.

Nigel Beck, head of sustainable finance ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial