Press Release: IFC Issues 700 Million Australian Dollar Green Kangaroo Bond to Promote Biodiversity in Emerging Markets
IFC, a member of the World Bank Group, issued a green bond in the Kangaroo market, raising 700 million Australian dollars, to bridge the biodiversity finance gap and advance economic growth in emerging markets.
The 10-year fixed rate note with a coupon of 4.90% priced with a spread of 56.48 basis points over the December 2034 ACGB, equivalent to ASW + 64 basis points.
Photo courtesy of Eutah Mizushima.
Source: International Finance Corporation (link opens in a new window)
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