By: greenbank On: March 01, 2017 In: Comments: 0

A new climate bond has been issued by FlexiGroup with an underlying asset base of residential rooftop solar. The CEFC made a cornerstone commitment of AU$20 million to the AU$50 million tranche, which was certified by the global Climate Bonds Initiative (CBI). The AU$50 million climate Class A2-G Note was priced at a yield 0.03% lower than the similar Class A2 Note, which was identical except for the lack of CBI certification, again indicating strong investor demand for clean energy investment opportunities. The bond is backed by consumer receivables originated through FlexiGroup’s wholly-owned subsidiary Certegy Ezi-Pay Pty Ltd, which has financed more than 120,000 solar PV rooftop installations.

Trackback URL: