EU opens new call for PCI, PMI energy infrastructure projects
Sep 18, 2024 15:49 CESTBank of Nova Scotia (TSE:BNS), or Scotiabank, has priced a EUR-1-billion (USD 1.06bn) green bond, its first in the European market, and plans to use the proceeds to finance or refinance new or existing eligible green assets.
The lender highlighted in the statement published on Wednesday that the transaction marked the largest green or sustainability bond offering by a Canadian financial or corporate to date.
The five-year senior fixed-rate green bond followed another inaugural sustainable finance product governed by the company’s Sustainable Issuance Framework. Scotiabank’s first Sustainability guaranteed investment certificate (GIC) for retail and small business clients launched earlier in April.
The eligible green categories within the bank’s Sustainable Issuance Framework include, among others, low-carbon energy, energy efficiency and green buildings. Recently added categories include nuclear energy, circular economy, climate adaptation and food security and sustainable food systems.
(EUR 1.0 = USD 1.068)
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