Lamda Development acquires 20% of R Energy 1 Holding
LAMDA DEVELOPMENT S.A. announced that its 100% subsidiary, LAMDA ENERGY INVESTMENTS S.M.S.A., signed a share transfer agreement regarding the purchase of 20% of the share capital of R Energy 1 Holding for a cash consideration of €5m.
IFC invests in RBRO green bonds to promote climate finance in Romania
The International Finance Corporation (IFC), the private sector arm of the World Bank Group, is investing RON 293.5 million (the equivalent of approximately $72 million) in RON-denominated senior non-preferred bonds placed by Raiffeisen Bank SA (RBRO), IFC said in a statement on Monday.
Terna Energy Finance to launch green bond tender offer Oct. 16
Terna Energy Finance, the financing arm of Terna Energy, will launch a tender on Oct. 16 for a green bond loan of up to 150 million euros, it said on Monday.
The offer for the seven-year bond will end on Oct. 18, it said.
A source at Terna Energy said that about 90 million euros from the bond will be used to build a wind park in Greece and to buy one in the United States.
Climate bonds are on the rise (infographic)
Green bonds, also known as climate bonds, are liabilities issued to finance green projects, such as renewable energy, energy efficiency or clean water projects. They’re proving more and more popular. In 2016 alone, the volume of newly issued liabilities more than doubled from €32 to €68 billion worldwide compared to a year before.
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From Africa to Asia, governments considering 'green' bond sales
A raft of developing countries are considering selling bonds earmarked for environmental projects, potentially accelerating growth in a market seen as crucial to efforts to keep global temperatures in check.
France and Poland have in recent months become the first sovereigns to issue 'green' bonds, previously the domain mainly of development banks and companies.