Auckland Council to open Green Bond offer
Auckland Council will open its Green Bond offer next week – becoming the first council in New Zealand to do so.
“We are the first council in New Zealand to issue green bonds. This sends a signal that Auckland is committed to becoming greener and tackling our environmental challenges.” – Auckland Mayor Phil Goff.
For full details visit OurAuckland.
Note for editors
• Auckland Council has obtained certification for the Green Bonds from the Climate Bonds Initiative. The certification means that the Green Bonds meet the criteria set out in the Climate Bonds Standard.
• The offer will be up to NZ$150 million with the right to accept up to NZ$50 million in oversubscriptions at Auckland Council’s discretion.
• The Green Bonds will be 5 year unsubordinated, fixed rate bonds and will be offered to the public in New Zealand and institutional investors in New Zealand and certain offshore jurisdictions.
• For more information view the NZX statement.