Release date: 15 December 2017
Promoter – Financial Intermediary
GREEN BOND CORNERSTONE FUND
Location
Description
Green Bond Fund investing in a portfolio of green bonds issued by financial intermediaries in emerging markets.
Objectives
The Fund's investment strategy is to purchase green bonds from financial institutions in emerging markets as a way to create the necessary market demand for green bonds issuance in these countries.
Sector(s)
- Services - Financial and insurance activities
Proposed EIB finance (Approximate amount)
USD 100 million
Total cost (Approximate amount)
USD 2000 million
Environmental aspects
The fund's operational guidelines will provide for environmental and social due diligence of all projects, according to guidelines acceptable to the EIB.
Procurement
The fund will be required to ensure that implementation of the underlying projects is done in accordance with the EIB Guide to Procurement.
Status
Signed - 26/02/2018
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).