Eco-business / Social Venture

July 18, 2010


Daiwa Securities Group Launches Sale of European Climate Awareness Bonds in Japan

Keywords: Eco-business / Social Venture Non-manufacturing industry Renewable Energy 

The European Investment Bank (EIB) and the central office of the Daiwa Securities Group jointly announced on April 30, 2010, the issuance and distribution of "Climate Awareness Bonds" to support EIB projects in the fields of renewable energy and energy efficiency. The bonds are issued by the EIB and distributed by Daiwa Securities Capital Markets Co., Ltd., while the Daiwa Securities Group is in charge of marketing them to private and corporate investors in Japan.

The proceeds raised by issuing the bonds will be kept separate from the EIB's general portfolio section for the most effective use of providing financing for renewable energy efficiency projects, considered a key area for mitigating the effects of climate change. The issue amount and offering period are as follows: 231 million Australian dollars (AUD) for about two years, and 1,375 million South African rand (ZAR) for about three years.

The EIB will provide lending to renewable energy related projects such as wind, hydro, solar, and geothermal generation, and energy efficiency related projects such as district heating, cogeneration, building insulation, and energy loss reduction in transmission and distribution.

The EIB has set a lending target that at least 20 percent of its energy projects in the European Union (EU) should be in the renewable energy sectors. The bank is also considering expanding its support for renewable energy and energy efficiency projects outside the EU.

Issuance of "Climate Awareness Bonds"

Posted: 2010/07/18 06:00:15 AM