First green bond in Lebanon has been issued with the goal to boost Green Strategy in this country.
A bank in Lebanon has issued the first green bond in the country, worth $60 million (£43.6m). Fransabank SAL’s issuance represents the first tranche of its $150 million (£109m) bond programme and aims to promote environmentally-friendly projects and fight climate change . The International Finance Corporation (IFC), a member of the World Bank Group , invested $45 million (£33m)and has board approval for a further $30 million (£22m). The European Bank for Reconstruction and Development (EBRD) has also provided $15 million (£11m). Fransabank Chairman Adnan Kassar said: “Our green bond issuance, the first in Lebanon and the […]