Daily Archives: June 11, 2009

Sophia Grene

Kermit the frog

Kermit the frog

Within a year, there will be enough issuers of green bonds for an index to be created, according to Christopher Flensborg of SEB, the Swedish bank that has partnered with the World Bank to pioneer these instruments.

Last year, the World Bank, with its increasingly rare triple A rating, issued around $370m of debt, the proceeds of which are to be used only for projects cutting carbon emissions in developing countries. Already this year, a second tranche has been issued to a single investor (the Treasury of the State of California) and SEB is now looking at a third round.

About the blog

FTfm is no longer updated but it remains open as an archive.

FTfm's specialist writing team offer their insights into the global fund management industry.

About the authors

Pauline Skypala has been editor of FTfm for four years having previously been deputy personal finance editor. She joined the FT in 1999 and has been writing on savings and investment issues throughout her career.

Steve Johnson, FTfm deputy editor, has been a journalist for 17 years, 10 of which have been with the FT.

Sophia Grene, reporter on FTfm, has been a financial journalist in print and online for 12 years.

Ruth Sullivan has worked as a financial/business journalist and foreign correspondent and for the past 10 years has been at the FT.