BBVA and Pestana Hotel Group have issued the world’s first green bond in the hotel industry, according to the International Capital Markets Association’s (ICMA). The issue received a second party opinion from the environmental consulting firm DNV.GL, which allows the bond to be certified as green. The issue was a success due to the strong interest in the European market. The €60 million bond has a maturity of 6 years and was placed among institutional investors.
BBVA and Pestana Hotel Group issue the world’s first green bond in the hotel industry
Since 11 months
New study reveals the status of climate risk management in LAC banks
A survey among 78 financial institutions in Latin America and the Caribbean holding 54% of the total assets managed by the banking sector in the region, revealed that 38% of banks incorporate guidelines on climate cha...
Since 6 days Read More
The Development Bank of Minas Gerais (BDMG) is preparing to raise about $100 million in green bonds, with support from the Inter-American Development Bank (IDB)
The BDMG presents on Tuesday a framework, document that details the the scope of companies or projects that can be targeted for funding, a preview of the funding itself, which should be released in the coming months. ...
Since 2 weeks Read More
BNDES Energy Efficiency Fund will receive a contribution of R$30million from the Procel
Resources reduce the risk of default assumed by lenders FGEnergia should leverage with a guarantee R$ 200 million to projects in the country.
Since 3 weeks Read More