London Stock Exchange welcomes IFC’s $500m green bond
- IFC green bond to support climate-friendly investments in developing countries
- Fast growing asset class: £1.8bn raised on London Stock Exchange this year
- IFC’s Global Green Bond Program raises $4.4bn over the past five years
London Stock Exchange today welcomes the latest green bond to list on its Main Market. Issued by IFC, a member of the World Bank Group, the $500m bond is the latest in the IFC’s green fundraising programme which to date has raised $4.4bn in financing for climate-friendly investments.
The listing follows the launch in July this year of a range of new segments on London Stock Exchange’s fixed income markets, designed to support the new global demand for green bonds. Since the launch, more than £2.6bn has been raised or transferred to the new segments, with issuers including multinational corporations and European cities. Last week, Yes Bank, India’s fifth largest private sector bank committed to raising up to $500m via green bonds listed in London.
Nikhil Rathi, CEO, London Stock Exchange plc & Director of International Development, London Stock Exchange Group:
“We are committed to establishing London as the world’s leading centre for green finance – an exciting new asset class commanding global attention. London Stock Exchange is a world leader in green bond listings with the most comprehensive offering of any international exchange. We have been delighted to welcome IFC green bonds in a range of currencies including RMB, INR and now USD. Today’s successful listing demonstrates London’s unparalleled ability to attract significant capital to green projects and investment in developing countries.”
Jingdong Hua, IFC Vice President and Treasurer:
“Green bonds can play a powerful role in mobilizing international savings for climate finance, thereby reducing greenhouse gas emissions. IFC will continue bringing greater diversity, liquidity, and transparency to strengthen this important asset class.”
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