Bank for International Settlements Reveals Creation of Asian Green Bond Fund
Posted on 10/23/2021
The Bank for International Settlements (BIS) pushed out the Asian Green Bond Fund, in collaboration with the development financing community, to channel global central bank reserves to green projects in the Asia Pacific region.
In consultation with global central banks, Asian Green Bond Fund will be designed to provide a pipeline for central banks to invest in high-quality bonds issued by sovereigns, supranationals, and corporates that comply with strict international green standards.
The fund will work closely with the Asian Development Bank (ADB) and other development financial institutions as well as other issuers. The BIS Asian green bond fund will be launched in early 2022 and will complement two green bond funds already launched by the BIS over the past two years, one denominated in dollars and one in euros.
Nippon Telegraph & Telephone Corporation is Japan’s largest telecom company. Nippon Telegraph & Telephone Corporation’s finance unit called NTT Finance Corp., sold 300 billion yen of green notes in a three tranches.