Powered by MOMENTUM MEDIA
Powered by MOMENTUM MEDIA
subscribe to our newsletter

ANZ green bond priced at $600m

ANZ has launched and priced its first green bond – raising $600 million for financing a portfolio of loans that develop low-carbon industries.

The five-year fixed rate bond, which is the largest green bond to be released by an Australian issuer, will have a coupon of 3.25 per cent.

ANZ global head of debt syndicate Paul White said: “Strong demand from a diverse spectrum of investors for this transaction highlights the growing number of sustainable and ethical mandates within the institutional investment community.”

Advertisement
Advertisement

“We expect the green bond market will continue to grow, as issuers look to tap the significant liquidity available.”

The bond will invest in projects that have positive environmental or climate benefits, said ANZ in a statement.

ANZ global loans director of sustainable finance solutions Katharine Tapley said: “The fact that this transaction was possible without direct investment from the Clean Energy Finance Corporation is a positive development for the green bond market in Australia."

The bond is certified by the Climate Bonds Initiative, an organisation that aims to promote large scale investments that will aid the development of a low-carbon economy.

ANZ green bond priced at $600m
mortgagebusiness

Latest News

The non-major bank has appointed a new chief executive officer of HSBC Bank Australia Ltd, taking over from interim chief executive officer ...

The major bank has announced that a former ANZ CEO will become the successor to its outgoing chairman, Lindsay Maxsted. ...

The Westpac-Melbourne Institute Index of Consumer Sentiment fell by 1.8 per cent to 93.4 in January, from 95.1 in December. ...

FROM THE WEB
podcast

LATEST PODCAST: New government loans and grants for SMEs

Do you think Australia will move to quantitative easing this year?

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.