Green Covered Bonds
The Covered Bond market has pioneered the idea of green covered bonds. In this video, Richard goes into detail on how this came about.
Overview
The Green Covered Bond Market is a major source of funding for environmentally friendly projects, i.e. to reduce worldwide CO2 emissions. As of October 2019, there were over 32 billion euros of green covered bonds from 13 issuers in 8 countries.
Key learning objectives:
Describe why initially there was a lack of issuance of GCBs
Explain how GCBs are structured and priced
Identify the differences and similarities between CBs and GCBs, and their implications
Discuss the potential initiatives for the CBM to fund green projects
Summary
Expert
Richard Kemmish
Richard is a consultant working mainly in the covered bond market. He helps Finance Ministries and Central Banks in countries without covered bond laws to put legal frameworks in place. He has also helped the European Commission with their legislative agenda for covered bonds and related products.
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