30 years: Capital markets & 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.
The Covered Bond market has pioneered the idea of green covered bonds. In this video, Richard goes into detail on how this came about.
7 mins 41 secs
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
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