Sustainability

“CDL prints Singapore’s first Green bond” – Nasdaq – April 6, 2017

On April 6, 2017 Nasdaq reported that City Developments (CDL) priced Singapore’s first green bond.  The two-year senior unsecured issue – sold to fund managers and institutional investors – raised S$100m (US$71m). “There is an increased interest in socially responsible investments and a growing demand for relevant products,” said Sherman Kwek, deputy CEO of CDL.  […]

“European development banks launch green fund in Egypt” – Development Finance – March 31, 2017

On March 31, 2017 Development Finance reported that four European development institutions have established a green fund in Egypt. “The European Bank for Reconstruction and Development (EBRD), the Agence Française de Développement (AFD), the European Investment Bank (EIB) and the European Union (EU) have launched a €140m Green Economy Financing Facility (GEFF) for Egypt. The programme will provide loans for energy […]