Standard Bank issues inaugural green bond

Joshua Oriola

Standard Bank of South Africa Limited (“SBSA”) has issued its first ever green bond, via private placement with IFC, a development finance institution focused on the private sector, part of the World Bank Group.

It is a 10-year facility with the express purposes of raising capital for use in on-lending by Standard Bank Group’s (SBG) Sustainable Finance Business Unit and achieving longer tenor financing.

The USD200 million, London Stock Exchange-listed green bond is Africa’s largest green bond and South Africa’s first offshore green bond issuance. The capital raised as a result will be used to finance eligible green assets (renewable energy, energy efficiency, water efficiency and green buildings) aligned to SBG’s Sustainable Bond Framework. The IFC’s Performance Standards, which are part of the IFC’s Sustainability Framework, have become globally recognized as a benchmark for environmental and social risk management in the private sector.

Sim Tshabalala, Standard Bank Group Chief Executive, says, “This bond issue reflects SBG’s strategic focus on sustainable finance in line with our Social, Economic and Environmental (“SEE”) value drivers and vision to drive Africa’s growth with minimal adverse impact. Our strategy aims to embed social, economic and environmental considerations into our borrowing, lending and business practices in a way that helps us to continue supporting our clients, whilst producing value for society at large.”

According to Nigel Beck, Executive Head Sustainable Finance for SBG, “When it comes to financing, clients should be considering green, social and sustainable products as investors increasingly shift their mandates to sustainable businesses. Standard Bank is at the forefront in Africa with an innovative and dedicated sustainable finance business offering that benefits clients, communities, the environment and the corporate governance landscape.”

“The bond showcases the role that capital markets can play in mobilizing climate-smart finance and we hope it will inspire more companies in South Africa to unlock investment for climate-related projects,” says Kevin Njiraini, IFC Regional Director for Southern Africa and Nigeria.

24 thoughts on “Standard Bank issues inaugural green bond

  • April 21, 2021 at 5:31 pm

    682222 545512Aw, this was an exceptionally nice post. In concept I would like to location in writing such as this moreover – spending time and actual effort to create a superb article but so what can I say I procrastinate alot through no indicates find a method to go completed. 109895

  • April 27, 2021 at 11:34 pm

    499713 918693Thanks for taking the time to discuss this subject. I really appreciate it. Ill stick a link of this entry in my weblog. 549283

  • May 20, 2021 at 8:21 am

    136943 830349For anybody who is interested in enviromentally friendly points, may well possibly surprise for you the crooks to maintain in mind that and earn under a holder basically because kind dissolved acquire various liters to critical oil to make. everyday deal livingsocial discount baltimore washington 528059

  • June 24, 2021 at 6:56 pm

    620022 437558They call it the self-censor, basically because you are too self-conscious of your writing, too judgmental. 664117

  • June 30, 2021 at 11:57 pm

    There is definately a lot to find out about this issue.

    I like all of the points you have made.

  • August 28, 2021 at 6:43 am

    Greate article. Keep writing such kind of information on your blog.

    Im really impressed by your blog.
    Hello there, You’ve done a great job. I will certainly digg it and
    in my view recommend to my friends. I am sure they’ll be benefited from this site.

  • September 1, 2021 at 2:35 pm

    Howdy! I could have sworn I’ve been to this site before but
    after looking at many of the posts I realized it’s new to me.
    Nonetheless, I’m definitely pleased I discovered it and
    I’ll be book-marking it and checking back often!

  • September 1, 2021 at 6:53 pm

    If you would like to improve your familiarity simply
    keep visiting this site and be updated with the hottest news posted here.

  • September 4, 2021 at 8:24 am

    I believe that is one of the such a lot important info for
    me. And i am happy studying your article. However want to commentary on some general issues, The site style is great, the articles is truly excellent :
    D. Good task, cheers

  • September 10, 2021 at 7:04 am

    I’ve read several good stuff here. Definitely worth bookmarking for revisiting.
    I wonder how so much effort you put to make any such magnificent informative website.
    quest bars quest bars

  • September 30, 2021 at 7:57 pm

    766841 452465I feel this is greatest for you: Soccer, Football, Highlight, Live Streaming 752960

  • October 21, 2021 at 12:08 pm

    417488 519880If your real friends know you as your nickname, use that nickname as your 1st name online. When you initial friend someone, focus on generating a individual comment that weaves connection. 214211

  • October 22, 2021 at 12:16 pm

    Have you ever thought about including a little bit more than just your
    articles? I mean, what you say is valuable and everything.
    However think of if you added some great images or video clips to give your posts more,
    “pop”! Your content is excellent but with pics and video clips, this site could undeniably be one of the greatest in its field.

    Great blog! part time jobs hired in 30 minutes

  • October 25, 2021 at 9:15 am

    This site was… how do you say it? Relevant!!
    Finally I have found something that helped me. Appreciate it!

  • October 26, 2021 at 10:51 am

    This design is steller! You most certainly know how to
    keep a reader entertained. Between your wit and your videos, I was almost moved to start my own blog (well, almost…HaHa!) Wonderful job.
    I really loved what you had to say, and more than that,
    how you presented it. Too cool!

  • November 18, 2021 at 12:59 am

    821941 702742I discovered your blog on yahoo and can bookmark it currently. carry on the good function. 168466

Leave a Reply

Your email address will not be published.

%d bloggers like this: