EBRD issues $213 mln green transition bond

LONDON, Jan 28 (Reuters) - The European Bank for Reconstruction and Development (EBRD) EBRD.UL said on Thursday it had issued an A$280 million ($213 million) green transition bond that would be bought by Japan Post Insurance Co 7181.T.

Green transition bonds raise capital for industries with high greenhouse gas emissions to help them move to lower carbon intensive activities.

The EBRD said the transaction was the largest green transition bond private placement it had issued and the first such placement to be bought solely by a Japanese investor.

Proceeds of the 10-year bond will finance the EBRD's portfolio of green transition projects towards decarbonising industry and improving efficiency in manufacturing and food production.

Japan is a founding member of the EBRD with a 9% stake.

($1 = 1.3148 Australian dollars)

(Reporting by Nina Chestney; Editing by Edmund Blair)

((nina.chestney@thomsonreuters.com; +44 (0) 020 7513 5674; Reuters Messaging: nina.chestney.thomsonreuters.com@reuters.net))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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