IFC launches $100 million Green Kauri bond in New Zealand

Thu, 27 Jul 2017

By Rebecca Howard July 27 (BusinessDesk) - International Financial Corp, a member of the World Bank Group, has launched a minimum $100 million Green Kauri bond sale to finance private sector investments addressing climate change in emerging markets. It is the first time a "green bond" has been launched in New Zealand. The 10-year fixed rate bond will be issued under the IFC's global medium-term note program. The settlement date is Aug 9 with a maturity date of Aug. 9, 2027. Bank of New Zealand is acting as arranger and ANZ Bank and BNZ a...

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