Midrand - The DBSA has announced the launch of a second green bond for 2021 which was issued through a private placement fully subscribed to by funds managed by PIMCO.
The bond was issued under DBSA’s January 2021 Green Bond Framework and is the first issuance under the United Nations Economic Commission for Africa (UNECA) Goal Seven (SDG7) Program, launched under the leadership of Ms. Vera Songwe, UNECA Executive Secretary, in February 2020. This program, with PIMCO as anchor investor and Fieldstone acting as Programme Advisor for UNECA, seeks to support the deployment of private capital toward closing the gaps to SDG7 in Africa. The proceeds of this issuance will be used to refinance renewable energy generation and transmission projects and will add to the Bank’s pool of liquidity for further green power generation projects.
The offshore ZAR 3bn denominated bond with a 3 year tenor, was made possible through innovative financial structuring, jointly by DBSA (as Issuer), PIMCO (as Investor) and Standard Chartered Bank (as Placement Agent & Structuring Advisor).
About the Development Bank of Southern Africa (DBSA)
The Development Bank of Southern Africa (DBSA) is a leading Development Finance Institution (DFI) in Africa. Established in 1983, the DBSA participates across the entire infrastructure value chain and provides planning, project preparation, financing, and implementation support for economic and social infrastructure in South Africa, SADC and the rest of the African continent. The institution’s mission is to improve people’s lives, boost economic growth and promote regional integration through infrastructure development.
For more information, visit www.dbsa.org
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DBSA Media Relations