uk water utility's green bond is start of a "new wave": ing - air purification

LONDON (Reuters)-
The head of ING sustainable capital markets, the Dutch bank, said Allianz Water's first water green bonds issued in Europe should pave the way for more such tools that should help market growth.
Green bonds are a growing category of fixed assets.
Income Securities that raise funds for projects with environmental benefits. In July, UK-
Water safety Union water 【AWGEGF. UL][AWGES. UL][AWGEOW. UL]
0. 25 billion pounds ($335 million)
Green bonds are also the first public utility green bonds to be issued in pounds.
Bond yields will finance or refinance new and existing environments
Friendly projects such as water recovery and drought-resistant flood-fighting programs.
"Allianz water is the beginning of a new wave.
Multilateral institutions (
World Bank, for example)
After the green bond market started, energy utilities and real estate companies followed closely, "said Hans Biemans, head of sustainable capital markets.
"This year and 2018, we will see more bonds issued by commercial banks.
The next wave will be other pure-
Environmental-conscious gaming companies such as water companies, air purification and forestry departments, "he added.
"The biggest problem is --
Who's after? ” Biemans said.
Biemans said the issuer should be a variety of companies, including global companies such as McDonald's.
Industrial and telecom companies.
Sustainable product spending, including R & D, is eligible for green financing, says Biemans, with most companies having the most impact through their products. For example, U. S.
Starbucks coffee giant
Green bonds were issued in 2016, with a total value of about $2017.
2 billion funding for sustainable coffee procurement.
Dutch energy Network Group [NUON. L]
0. 3 billion euros were also issued ($355 million)
Last year, it invested in bonds for smart grids and electricity meters.
"We have to allow investors to finance the various stages of the product. . . We see (corporate)
Distribution is growing gradually, but it will grow faster if people understand how to do it.
Although green bonds account for only a small part of the entire bond market, demand has increased significantly as investors seek lower prices
Carbon investment.
According to Moody's Investors Service, global green bond issuance in the first half of this year was about $62 billion.
Biemans believes the market value will reach $100.
120 billion, but growth could be faster if emerging market countries were to scale up.
In Europe, however, growth depends on whether companies enter the market.
Estimates of market value vary this year, but within the $90 range150 billion.