IFC planning to issue $1bn Green Bonds p.a. / Hawaii setting up bond-funded green bank / Germany’s PNE Wind planning a €100m corporate bond

IFC planning to issue $1bn Green Bonds p.a. / Hawaii setting up bond-funded green bank / Germany’s PNE Wind planning a €100m corporate bond

Posted on 21. Apr, 2013 by  in blog

Trade Finance magazine reports that the IFC is planning to issue $1bn a year ofGreen Bonds. After talking with IFC folk in Washington DC last week I think I can say that the resounding success of last month’s first $1bn IFC Green Bond is making them think much more ambitiously than before.

We think they should also be looking at stretching their balance sheet by securitizing some of their existing climate change related loans, with a small dollop of credit enhancement to get them an A rating. Result: blue chip (I mean green-chip) bonds with at last a bit of yield for suffering insurance and pension funds, and the IFC gets to more quickly recycle capital in climate investments. Watch this space.

Bloomberg’s Sally Bakewell (one of our favourite clean energy journos) reports that Germany’s PNE Wind AG is planning to issue a €100m ($131m) corporate bond. (Given the pure-play windpower nature of PNG’s activities, that’s a Climate Bond for our purposes.)

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