Standard Chartered prices €1 billion inaugural green bond

Standard Chartered plc has priced its inaugural Green Bond, raising €1 billion to finance and refinance environmentally sustainable projects, with a strong emphasis on emerging markets.

The issuance represents the bank’s fifth Sustainable Finance transaction and its first focused solely on green projects. The proceeds will be deployed in line with Standard Chartered’s Sustainability Bond Framework, covering renewable energy, green buildings, energy efficiency, and climate resilient infrastructure. The offering attracted strong investor interest, with the order book peaking at over €3.9 billion.

Senior management stated that the transaction supports the bank’s strategy of channeling capital from major financial centres to regions with high sustainable infrastructure needs. According to the bank, more than 70% of its $17.4 billion portfolio of eligible green assets is located in Asia, Africa, and the Middle East.

Standard Chartered cited recent examples of impact oriented financing, including emergency flood response bridge infrastructure in Ghana, electric bus fleets in India, and a large scale solar power project in Türkiye.

Photo Source: Standard Chartered