Renewables Now 24th April 2018

Trading of Fiji’s first international sovereign green bond has started on the London stock exchange (LSE) last Wednesday, according to an official announcement.

The island country raised FJD 100 million (USD 48.9m/EUR 40.2m) in October 2017 from the sovereign green bond issue, thus becoming the first emerging economy to launch such a transaction.

According to the website of the COP23 climate change conference, trading on the green bond segment of LSE’s International Securities Market (ISM) has commenced for a FJD-20-million bond maturing in 2022 and a FJD-40-million bond due in 2030. The bonds bear coupons of 4.00% and 6.30%, respectively.

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