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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