By Lisa Kerner
Charlotte, N.C., July 20 – Treasury Corp. of Victoria (TCV) issued a A$300 million 1.75% green bond due 2021 on July 19.
It is the first certified Australian dollar green bond issued by an Australian government authority, according to a news release.
Proceeds will fund a portfolio of state investments in energy efficiency, renewable energy, public transport and water treatment.
The total book order of A$300 million was supported by 17 investors, representing insurance companies, funds management and investors with a specific green or socially responsible investment mandates, the company said.
The green bonds have been certified by the Climate Bonds Initiative in compliance with the Climate Bonds Standard and will be in alignment with the Green Bond Principles.
The National Australia Bank acted as sole arranger, green bond structuring agent and lead manager.
TVC is the central financing authority for the State of Victoria. It issues Victorian government guaranteed debt for on-lending to the state and Victorian government business enterprises.
| Issuer: | Treasury Corp. of Victoria
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| Issue: | Green bond
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| Amount: | A$300 million
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| Coupon: | 1.75%
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| Maturity: | July 27, 2021
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| Arranger: | National Australia Bank
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| Settlement date: | July 19
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