National Australia Bank introduces A$150 million green bond to fund energy facilities

By Lisa Kerner

Charlotte, N.C., Dec. 4 – National Australia Bank launched a climate bond, or green bond, to raise a minimum of A$150 million for renewable energy facilities, including wind farms and solar energy facilities.

Fourteen of these Australian facilities are operational, and three are under construction, according to a news release.

It is the first time an Australian issuer has brought a green bond to the local market, and the NAB climate bond is the first bank-issued bond to be certified in compliance with international Climate Bonds Standards, the release stated.

“This provides investors the opportunity to invest in a bond with the same features of any senior, unsecured NAB bond – but with the additional benefit of being dedicated to financing climate change solutions,” said NAB group executive for product and markets Antony Cahill.

“The launch also demonstrates the key role debt markets play in supporting the growth of new markets and financing a low-carbon economy, and raises the profile of the green bond asset class in Australia.”

The bank is located in Melbourne, Australia.

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