Queensland Hydro picks contractors for 2-GW pumped storage project
Sep 18, 2024 6:05 CESTThe government of Australia issued today its inaugural green bond of AUD 7 billion (USD 4.67bn/EUR 4.28bn), attracting bids for more than three times that amount, according to a media release.
The bond, issued by the Australian Office of Financial Management (AOFM) on behalf of the government, was over‑subscribed with total bids surpassing AUD 22 billion from 105 investor institutions across Australia, Asia, Europe and North America. The debt will mature in June 2034.
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Commonwealth Bank of Australia, Deutsche Bank, National Australia Bank Limited, UBS AG, Australia Branch, and Westpac Banking Corporation were previously appointed as Joint Lead Managers (JLMs).
Investors in the green bond will be backing government-supported projects in Australia that revolve around climate change mitigation, climate change adaptation and improved environmental outcomes. More specifically, the proceeds from the issuance will go towards green hydrogen hubs, community batteries and clean transport, as well as biodiversity conservation programmes, among other types of projects.
The AOFM released the government's green bond framework in December 2023.
(AUD 1.0 = USD 0.666/EUR 0.611)
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