Green Bond Fact Sheet

This fact sheet from the Climate Bonds Initiative details a ZAR1.66bn (USD116m) green bond issued by Nedbank Ltd. on April 30, 2019, to finance solar and wind energy assets in South Africa.

• Nedbank Ltd. issued a green bond on April 30, 2019, with a total amount of ZAR1.66bn (USD116m) and a maturity date of April 30, 2026, across three tranches with a tenor of 7 years.
• The proceeds from the bond are designated for the construction of four new wind and solar energy generation assets located in South Africa.
• The bond is the first Certified Climate Bond issued by the private sector in South Africa and the second such issuance in Africa, following a previous issuance by Nigerian Access Bank in March 2018. It is also the first South African green bond of 2019.
• The bond was certified under the Climate Bonds Standard V2.1, with pre-issuance verification provided by Carbon Trust. The initial offering for the bond was oversubscribed three times.
• The issuance occurs against a backdrop of South Africa's 2018 government target to have 26% of its electricity generation come from wind and solar by 2030, as the majority of current generation is coal-based.

APA

Climate Bonds Initiative (2019). Green Bond Fact Sheet. https://www.climatebonds.net/files/drupal-files/files/2019-04%20ZA%20Nedbank.pdf

Chicago

Climate Bonds Initiative. Green Bond Fact Sheet. 2019. https://www.climatebonds.net/files/drupal-files/files/2019-04%20ZA%20Nedbank.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=Green Bond Fact Sheet |date=9 May 2019 |url=https://www.climatebonds.net/files/drupal-files/files/2019-04%20ZA%20Nedbank.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatebondsinitiative2019green, author = {{Climate Bonds Initiative}}, title = {{Green Bond Fact Sheet}}, institution = {Climate Bonds Initiative}, year = {2019}, month = may, url = {https://www.climatebonds.net/files/drupal-files/files/2019-04%20ZA%20Nedbank.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }