The Bank will issue new ‘Climate Awareness Bonds' in Japan for around EUR 300m equivalent, via two tranches denominated in Australian dollars and South African rand.

The arranger is Daiwa Securities Group. A special feature of such bonds is that proceeds are dedicated to lending projects in the fields of renewable energy and energy efficiency. Prior to this issue the Bank has issued Climate Awareness Bonds for a total of around EUR 1bn, beginning in 2007.