September 20 (Renewables Now) - The International Finance Corporation (IFC) yesterday closed a GBP 100 million (USD 125.12 m / EUR 113.2 m) green bond transaction, thus crossing the USD 10 billion (EUR 9 bn) mark in cumulative green bond issuance since 2010.
The issuance, arranged by HSBC Bank plc, enjoyed an increased interest from Asian investors, notably asset managers at Japan’s Government Pension Investment Fund, GPIF.
Proceeds will go to private sector projects in renewable energy and energy efficiency, green buildings, green banking, solar and wind energy.
In less than a decade,IFC—a sister organization of the World Bank and member of the World Bank Group, has had a total of 157 green bonds issues for USD 10.065 billion.
(GBP = USD 1.2512/ EUR 1.132)
(USD 1 = EUR 0.905)