Thursday, 26 May 2016

DKB announces first green bond; Proceeds to go exclusively towards funding solar and wind power projects

 The green bond pool consists exclusively of financing for solar and wind power projects in Germany

Deutsche Kreditbank AG (DKB, Berlin, Germany) will launch a medium-term green bond worth EUR 500 million to exclusively fund solar and wind power projects in Germany.
“The green bond pool consists exclusively of financing for solar and wind power projects onshore in Germany. It will be the first entirely green bond issued by a German commercial bank”, says DKB CEO Stefan Unterlandstättner.
“Launching this bond is the logical next step in our business model. Our portfolio includes the financing of renewable energy projects to the tune of more than EUR 9 billion. Nobody else in Germany can say that.” DKB's lending portfolio also contains further sustainable financing worth some EUR 30 billion.
“There's great interest in bonds whose issue proceeds are used to finance environmental and climate protection projects,” said Unterlandstättner.
DKB plans to use the launch to broaden the diversification of its refinancing on the capital markets and lay the foundations for an additional major funding stream. 
source: http://www.solarserver.com
 

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