AGL Solar partner issues Green Bond
A partner of solar energy storage systems provider, AGL Solar, is looking to raise $50 million to refinance residential rooftop systems, through a green bond.
Financial services provider, FlexiGroup Ltd, announced its green Asset Backed Security (ABS) has become the first green bond to receive certification against the Climate Bonds Solar Standard.
Climate Bonds Initiative chief executive, Sean Kidney, welcomed the launch of the new bond.
"There is enormous potential for this green ABS to be the first of many," he said.
"By gaining Climate Bonds Certification, FlexiGroup has assured investors of the green credentials of this bond and set a best practice example or future domestic issuers."
The National Australia Bank acted as the arranger and green bond structuring agent, with Norwegian firm DNV.GL providing verification for it.
AUTHOR
Nicholas O'Donoghue
Recommended for you
Specialist wealth platform provider Mason Stevens has become the latest target of an acquisition as it enters a binding agreement with a leading Sydney-based private equity firm.
An independent expert has ruled the Perpetual deal with KKR is no longer in the best interest of shareholders in light of the increased tax liabilities.
The Australian wealth management firm has named a custodian for its MLC and OnePath businesses following an extensive tender process.
Global real asset manager CapitaLand Investment has announced a key acquisition from Wingate as part of its growth strategy in Australia.
