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The International Finance Corporation sold the first SSA Kangaroo deal in over three weeks on Thursday, returning to the market with a A$100m ($71.9m) 11 year bond.

Almost unknown a decade ago, they now stand as a key private sector solution helping finance the world’s transition to a low-carbon future.Sovereign issuers are also becoming important players, beginning with issues by Poland, France and Belgium. These projects are expected to reduce greenhouse emissions in Argentina by about 157,500 metric tons of CO2 per year, roughly the equivalent of taking 33,700 cars off the road.The fund closed at $1.4 billion. Issuers can borrow more cheaply through a green bond than a plain-vanilla vehicle thanks to broader demand, says Kidney of Climate Bonds.

Either you are looking not current portfolio of ifc in pakistan sick, but some other Pakistan breaking news, then just use search form to find news related to current portfolio of ifc in pakistan sick. Since 2010, IFC has issued 143 green bonds in 16 currencies, totalling over $9 billion. The investment will be mainly in green buildings, transportation infrastructure, urban water, agriculture, waste management and renewable energy to meet the nationally determined contribution (NDC) targets, detailed by IFC.In the statement, Khondkar Morshed Millat, general manager of the BB, said: “We hope that the first green bond in Bangladesh will be issued by a bank in line with international and domestic investors’ expectations and facilitate a new path for green financing in the country where the IFC can facilitate with their resources and experience.”IFC completed that joint study which was funded by the Swedish government assessing the potential for a domestic green bond market in Bangladesh.

It is expected to deploy $2 billion into emerging-markets green bonds over its lifetime as proceeds are reinvested over the next seven years. Green bonds typically come with tax incentives to enhance their attractiveness to investors.

These investors are looking for climate-smart initiatives that make good business sense: opportunities that carry the right risk-reward profiles and meet investor-specific criteria for rating, tenor, yield, and geographic diversity.The fund’s committed investor base consists of capital raised from leading pension funds (Alecta, AP3, AP4, APK Pensionkasse, APK Vorsorgekasse AG, ERAFP, MP Pension), insurance companies (Crédit Agricole Assurances, LocalTapiola General Mutual Insurance Company, LocalTapiola Mutual Life Insurance Company), asset managers, the European Bank for Reconstruction and Development  (EBRD), the European Investment Bank (EIB) and other international development banks, and other institutions.Combating climate change is one of the greatest challenges of our time, requiring far more financing than governments alone can provide.“Issuing a green bond is also a way for issuers to better communicate on their strategy with respect to climate change adaptation and mitigation,” explains Amundi CEO Yves Perrier. IFC’s $256 million anchor investment helped mobilize roughly four times that amount from other investors—$1 billion of the funds came from private institutional investors.Just last month in Paris, IFC partnered with Europe’s largest asset manager, Amundi, to launch the world’s largest green-bond investment vehicle focused on emerging markets: the Amundi Planet Emerging Green One (EGO) fund.One of the most promising opportunities is green bonds.
IFC shared the findings of a joint study to promote the domestic green bond market in Bangladesh in that workshop.BB Governor Fazle Kabir, Additional Secretary of finance ministry Arijit Chowdhury, BB deputy governor Ahmed Jamal and BB General Manger Khondkar Morshed Millat also attended the event.The IFC is supporting the BB’s efforts to develop and implement green finance-related policies and guidelines that encourage banks and financial institutions to incorporate environmental and social risk management into their credit activities and promote green lending to achieve the Sustainable Development Goals.Green bonds are an asset class that can help develop the bond market in Bangladesh and attract a new pool of international and institutional investors who are environmentally-aware.IFC is one of the first movers in the green bond market and as of today, IFC’s green bonds issuance in Asia-Pacific has reached $1 billion, Wendy Werner, IFC Country Manager for Bangladesh, Bhutan, and Nepal, said.The study confirms that the BB has an important and unique role in facilitating a rapid and meaningful green bond market development.
But many experts see great growth for green bonds in emerging markets, pointing to a few early examples. The IFC's cumulative green and social bond issuance since 2010 is $7.7 billion across 14 currencies.