Auckland Council to launch $200m green bond offer to fund electric trains

Mon, 11 Jun 2018

By Sophie Boot June 12 (BusinessDesk) - Auckland Council will open a $200 million green bond offer next week, which it says will be used to buy more electric trains and equipment and refinance existing debt from electric trains. Green bonds are created to fund projects that have environmental or climate benefits, and Auckland Council is the first in New Zealand to offer them. The bonds are expected to be assigned a long-term credit rating of AA from Standard & Poor’s and Aa2 from Moody’s. The offer is for up to $150 million with $50 m...

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