ANZ green bond priced at $600m

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.”

“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
investordaily image
ID logo
promoted stories

Appointments

Blake Briggs

FSC loses two senior policy managers

Tim Stewart

John Patrick Moorhead

AMP Capital appoints new CFO

Staff Reporter

Phoebe Ieong

BNY Mellon appoints head of distribution, APAC

Staff Reporter

Analysis

Doug Morris

What a blockchain-powered ASX should mean

Doug Morris

Lucy O’Carroll

Separating the signals from the noise

Lucy O’Carroll

Dan Bosscher

Could passive investing have structural issues?

Dan Bosscher