The Climate Investment Funds (CIF) funding markets device (CCMM) has actually made its market launching with an inaugural bond that increased $500m.
CCMM is placing itself as an ingenious company concentrated on mobilising money for environment activity and lasting growth.
The launching bond was 6 times oversubscribed, backed by a remarkable order publication going beyond $3bn from international financiers.
The three-year bond notes the very first issuance under CCMM’s loaning program, adhering to the news of its listing in November 2024 at COP29.
Climate Investment Funds CHIEF EXECUTIVE OFFICER Tariye Gbadegesin mentioned: “Today is a historical minute for environment money. The inaugural CCMM bond concern has actually gone beyond all assumptions, with our order publication over 6 times over-subscribed.
“This is an enormous vote of confidence and a sign of the keen market interest in backing high-quality clean energy projects. These bonds will multiply the funds available for scaling-up clean technology and infrastructure in developing countries – not in ten years, but now, when it’s most critically needed.”
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