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Business and Finance
Tue, January 14, 2025
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Climate Investment Funds secures $500 million debut bond for clean energy transition
- The multilateral Climate Investment Funds (CIF) has issued a $500 million debut bond as part of a plan to diversify its funding sources and attract private sector investors to finance low carbon technologies in emerging markets,
The Climate Investment Funds (CIF) has successfully issued its first bond, raising $500 million to support clean energy transitions in developing countries. This debut bond, part of a broader strategy to finance climate initiatives, was issued through the International Bank for Reconstruction and Development (IBRD) and is set to mature in 2025. The funds will be directed towards projects that enhance energy access, reduce greenhouse gas emissions, and promote sustainable development. The bond's structure includes a unique feature where the interest rate is linked to the performance of a portfolio of CIF's clean energy projects, incentivizing successful project outcomes. This financial instrument represents a significant step in mobilizing private capital for climate action, with the bond receiving strong interest from investors, indicating robust market support for sustainable finance initiatives.
Read the Full Reuters Article at:
[ https://www.reuters.com/sustainability/sustainable-finance-reporting/climate-investment-funds-secures-500-million-debut-bond-clean-energy-transition-2025-01-14/ ]
Read the Full Reuters Article at:
[ https://www.reuters.com/sustainability/sustainable-finance-reporting/climate-investment-funds-secures-500-million-debut-bond-clean-energy-transition-2025-01-14/ ]
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