Switzerland’s Canton of Geneva plans green bond issue

New York, Nov. 8 – The Canton of Geneva in Switzerland is planning to offer green bonds this month, according to a news release.

Proceeds will be used to finance highly energy efficient buildings for health and medical research uses. The funds will be used to refinance buildings already in service or about to be opened for use and to fund construction over the next two years.

Among the facilities included are stages five and six of the university medical center and stage 3.3 of the university hospital’s Gustave Juilliard and maternity work.

Geneva said that the issue would be the first time that a Swiss public body has used this kind of financing.

The canton said that the financing was an opportunity to make a concrete statement in favor of its commitment to sustainable development.

In addition, the financing will enlarge the canton’s base of investors to those interested in sustainable finance.

The Canton of Geneva is the local government for the region that includes the city of Geneva and the surrounding area.

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