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Namibia: Bank Windhoek issues first green bond

Namibian-owned commercial bank Bank Windhoek issued its first green bond on 5 December on the Namibia Stock Exchange. According to Bank Windhoek, this makes it the first commercial bank in Southern Africa to issue green bonds, an instrument that has become a major source of funds for climate-related projects globally. In November alone, the London Stock Exchange (LSE) raised $3.5bn from seven bond listings, the most of any stock exchange that month, bringing the total raised by the LSE to $20.2bn since the green bond segment was launched in July 2015.

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