NZ's first green bond, issued by Auckland Council, starts trading on NZX

Wed, 27 Jun 2018

By Margreet Dietz June 28 (BusinessDesk) - NZX said the first green bond, created to fund projects that have environmental or climate benefits, will start trading on the exchange operator's debt market today, marking a commitment to grow the nation’s environmentally-friendly finance markets in step with a global trend. Auckland Council will list $200 million of unsubordinated, fixed rate bonds on the NZX Debt Market today, NZX said in a statement. The coupon is 3.17 percent and the exchange said it will start planting a native New Zeal...

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