ARTICLE · 29 APRIL 2024

Corporate Blue Bonds: A First In Africa

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Within the global trend towards sustainable finance opportunities and initiatives, green bonds have gained significant attention. Perhaps less well known, a sub-category of green bonds...

South AfricaFinance and Banking

Azariah Alexander

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Introduction

Within the global trend towards sustainable finance opportunities and initiatives, green bonds have gained significant attention. Perhaps less well known, a sub-category of green bonds called 'blue bonds' has started appearing more commonly in the market and arguably serves equally important sustainable targets and projects around the world.

What distinguishes different types of green bonds is driven in part by the purpose (or initiatives) for which funds are being raised and the intended effect of these initiatives. As can be gleaned from its name, a blue bond is a green bond that is focused on initiatives related to the sustainable use or protection of water resources and the promotion of sustainable activities within the blue economy.

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