A Japanese company successfully raised funds for the production of electric vehicle parts using green bonds. Meidensha Corporation (Meiden) recently secured funding worth US$55 million through the sale of green bonds. The funds raised in this exercise will be used for the mass-production of electric vehicle parts, the company reported. … [continued]
For a second consecutive year, green bonds issuance has crossed $100 billion, marking a major milestone for low-carbon funding around the world.
The largest commercial bank in the Indian subcontinent finally followed the lead of several other private sector banks in India and launched its first-ever green bond. The bond issue was not only a mega success but also lent a hand to the Indian government that is desperate to stem the falling rupee against the US dollar.
After a record-breaking issuance last year, the international green bonds market is set for a new record this year.
The international green bonds market had yet another record year as total issuance exceeded $100 billion for the first time in 2017.
Fiji became the first developing country to issue sovereign green bonds, as the World Bank and the International Finance Corporation (IFC) provided technical assistance to the island nation.
The global green bonds market has scored yet another record issuance during the first half of 2017. A record $56 billion was issued during the first six months of the year while the second quarter saw issuance of $30 billion, the Climate Bonds Initiative reported.
India’s largest bank — State Bank of India — is reportedly planning to launch several green bond issues to raise a total of $3 billion.
According to the Climate Bonds Initiative, the total green bonds issuance globally stood at $21.76 billion during Q1 2017, up nearly 42% from the issuance during the same quarter last year.
Around $208 billion worth of labeled green bonds are expected to be issued this year, a massive increased from $93.4 billion in 2016, Moody’s has suggested.
