KfW sells South African rand green bond

Frankfurt skyline banks green from Adobe 20Apr20 575x375
By Frank Jackman
14 Jan 2021

KfW printed its first green bond in South African rand this week, reflecting the growth in demand for sustainable products outside of core currencies, according to a funding official at the agency.

“The KfW funding team was very happy to execute its first South African rand green bond, responding to a reverse enquiry from a single investor,” said Philipp Mahn, senior funding manager at KfW.

KfW placed a R300m ($19.8m) 5.8% January 2028 green bond on Tuesday. Deutsche Bank ...

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