Green Covered Bonds
Richard Kemmish
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.
Green Covered Bonds
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
Richard Kemmish
08:32
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What are Green Bonds?
Green bonds are a variant of conventional bonds, where the key point of distinction is the use of proceeds. Green bonds follow Green Bond Principles outlined by the International Capital Market Association, and the proceeds from the issuance of the bond are specifically earmarked for climate and/or environmental projects. In this video, Tim Skeet provides an introduction to Green Bonds, and highlights their key attributes.
Tim Skeet • 13:49
