Carbon and Finance News — 27 March 2017

All green bonds, all the time.

The ‘green’ in green bonds may be the cheaper money the issues are able to raise because of the marketing appeal of renewable energy and water resources.

French energy company Engie has launched a €1.5 billion ($1.6 billion) bond to finance renewable projects including wind, solar and hydroelectric plants. Engie is looking to refinance existing debt and made a €700 million ($756 million) offer to buy back seven existing bonds.

Cape Town, South Africa is planning to launch its first green bond, a one billion rand ($79.2 million) issue, on the Johannesburg Stock Exchange in July. Much of the capital will be used for water management and treatment. The city is currently experiencing a severe drought.

And two Colombian banks are planning green bond issuances later this year, following the country’s first green bond by Bancolombia in December. The country’s first Sustainable Banking Congress is underway in Bogotá.

This post originally appeared in ImpactAlpha’s daily newsletter. Get The Brief.

Source: Impact Alpha

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