“London Stock Exchange Welcomes Fiji’s first international Green Bond” – The Financial – April 18, 2018

On April 18, 2018 The Financial reported that Fiji’s first international green bond started trading on the green bond segment of the London Stock Exchange’s International Securities Market (ISM).

“The dual-tranche green bond transaction includes a FJ$20 million ($10 million equivalent) tranche which will mature in 2022 at a yield of 4 percent, and FJ$40 million ($20 million equivalent) tranche to mature in 2030 at a yield of 6.30 percent. Fiji’s landmark transaction represents the first international sovereign green offering from an emerging economy and from a Commonwealth country.

Proceeds from Fiji’s landmark green bond will be used to finance the sustainable management of natural resources, renewable energy, water and energy efficiency, as well as clean and resilient transport and waste water management, according to London Stock Exchange.”

You may read the article on The Financial internet site.