Nedbank becomes the first SA bank to issue a Renewable Energy Bond
Nedbank today became the first bank in South Africa to list a Renewable Energy Bond on the green segment of the JSE. The instrument, which opened for auction on 24 April, was developed by Nedbank in line with International Capital Market Association Green Bond Principles and the Climate Bonds Standard thereby contributing to limiting global warming, Nedbank will apply the investment proceeds from the new bond to deliver financial support to solar and wind renewable energy projects that have been identified by the bank as having the potential to deliver positive, long-term sustainable energy outcomes for the country.