Nedbank leverages additional tier one instruments to help drive a net-zero economy

To strategically finance the transition to a net-zero economy, financial services provider Nedbank has once again approached the investment market to raise ‘use-of-proceeds’ green finance, this time through the issuance of the first listed green additional tier one instrument by a financial institution in Africa. The equivalent notional amount of funding raised through the green additional tier one issuance will be directed strategically to support the financing of new green infrastructure projects in South Africa.