Africa's largest green bond is listed on the London Stock Exchange

IFC
World Bank Group Member Invests $ 200 Million in Standard
Bank of South Africa Limiteds green bond placed on the London Stock Exchange.

This bond is the largest of its kind in Africa and South Africa, the first offshore issue, which will improve access to climate finance.

The 10-year privately placed facility by IFC complies with international green bond principles and will allow the Standard Finance Group Sustainable Finance Business Unit to on-lend and finance climate-smart projects in South Africa such as renewable energy, Energy efficiency, water efficiency and green buildings.

Learn more about IFC

This bond is a historic investment for South Africa and will contribute to the financing of the green economy of South Africa. We hope this will spark interest in green investments from other actors in the country, said Adamou Labara, IFC country director for South Africa.

Commercial banks currently provide 45% of South African financing for renewable energy and energy efficient projects.

Join the discussions on investment and strategy at African Public Services Week and POWERGEN Africa conference. Click here to register or for more information about the event.

Potential for green bonds in South Africa

IFC says South Africans
the climate smart investment potential, by 2030, is $ 588 billion.

When it comes to financing, customers should consider green, social and sustainable products as investors increasingly shift their mandates to sustainable businesses, said Nigel Beck, CEO of sustainable finance at Standard Bank Groups.

Green bond funded projects have the potential to reduce greenhouse gas emissions by 742,000 tonnes per year, or nearly 3.7 million tonnes over a five-year period, says IFC.

The IFC is one of the world's largest issuers of this type of bond, with 172 issues in 20 currencies, totaling more than $ 10 billion.

The financier is a member of the Green Bond
Principles and is part of its executive committee which, combined with its
as an issuer and investor in green bonds, allowed us to support
multiple countries globally to shape green bond standards and guidelines
problems.

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