Nedbank the first SA bank to issue a Renewable Energy Bond

Funding resources of up to 50 M€ to be allocated to projects that contribute to addressing climate change
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Nedbank has become the first bank in South Africa to list a Renewable Energy Bond on the green segment of the Johannesburg Stock Exchange (JSE).

The instrument, which opened for auction on 24 April, was developed by Nedbank in line with International Capital Market Association Green Bond Principles and the Climate Bonds Standard thereby contributing to limiting global warming.

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