EBRD issues $213 mln green transition bond

Japan Post Insurance

28/01/2021 12:15

LONDON, Jan 28 (Reuters) - The European Bank for
Reconstruction and Development (EBRD)  EBRD.UL  said on Thursday
it had issued an A$280 million ($213 million) green transition
bond that would be bought by Japan Post Insurance Co  7181.T .
    Green transition bonds raise capital for industries with
high greenhouse gas emissions to help them move to lower carbon
intensive activities.
    The EBRD said the transaction was the largest green
transition bond private placement it had issued and the first
such placement to be bought solely by a Japanese investor.
    Proceeds of the 10-year bond will finance the EBRD's
portfolio of green transition projects towards decarbonising
industry and improving efficiency in manufacturing and food
production.
    Japan is a founding member of the EBRD with a 9% stake.
    
    ($1 = 1.3148 Australian dollars)

 (Reporting by Nina Chestney; Editing by Edmund Blair)
 ((nina.chestney@thomsonreuters.com; +44 (0) 020 7513 5674;
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