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Commodities Briefing - Categorized | Environmental Trading more

Why green isn’t always the new black

Posted on 28 February 2013

In the knowledge that green is apparently the new black, it was highly appropriate that South Korea’s Kexim last week tapped hungry SRI funds with its first “green bond”. The acronym stands for Socially Responsible Investment, and Kexim will be investing the proceeds from the US$500m foray in the eco-friendly projects it sponsors around the world.
In the process the canny Korean policy bank managed to shave five basis points off its implied funding cost in conventional format at five years, which isn’t too shabby a result on a benchmark-sized trade………………………………………..Full Article: Source


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