RMB arranged FNB Namibia’s green bond issuance

RMB arranged FNB Namibia’s green bond issuance

RMB arranged FNB Namibia’s green bond issuance

RMB in Namibia and RMB’s SA debt capital markets and sustainable finance teams in September last year successfully arranged FNB Namibia’s first green bond issuance in the local debt capital markets. This marked the second issuance of green bonds in Namibia with FNB Namibia raising N$353 million across three- and five-year notes. The proceeds of the green bonds are allocated to eligible green loans applied towards Namibian green buildings and renewable energy generation projects. Sustainability is key to FNB Namibia’s vision of a globally competitive Namibia, and these green bonds mark a major milestone for the country and the bank.…
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