Guernsey's place in the world as a leader in sustainable
finance has again been confirmed with the world's largest
recycler of aluminium listing bonds on The International Stock
Exchange's green market segment, TISE GREEN.
Novelis Sheet Ingot GmbH, an indirect wholly-owned subsidiary of
Novelis Inc., has had ?500,000,000 3.375% Senior Notes due April
15, 2029 admitted to TISE GREEN.
Novelis is the leading producer of flat-rolled aluminium
products and the world's largest recycler of aluminium.
The net proceeds from the bonds will be used to finance eligible
green projects, such as investments in renewable energy and
pollution prevention and control.
The news has been welcomed by WE ARE GUERNSEY's Chief
Executive Rupert Pleasant, who said it was another excellent
development for Guernsey.
