Standard Bank issues green, social bonds to finance renewable, housing projects in South Africa

Financial services firm Standard Bank has issued its first local Tier 2 capital qualifying green bond to finance renewable energy projects in South Africa and increased its social bond issued in August to finance mortgage loans in the affordable housing target market, with a focus on women borrowers. The new ten-year, R1.4-billion bond is listed on the JSE Sustainability segment and proceeds will be used to finance renewable energy projects in South Africa.