Wingholding plans green bonds issuance
Hungarian property developer Wingholding yesterday published a green bond framework on the website of the Budapest Stock Exchange.
Wingholding aims to issue green bonds to increase its investment in "green and sustainable projects" by developing new buildings with improved energy efficiency and upgrading the energy efficiency of existing buildings.
Funding raised from the green bonds could go toward green building, energy efficiency, clean transportation, or biodiversity projects.
The developer said its green bond framework was independently reviewed by Norway's CICERO Shades of Green. Wingholding raised HUF 54.4 billion from a bond issued under the Bond Funding for Growth Scheme (BGS) of the National Bank of Hungary in the spring of 2020.
ADVERTISEMENT
ÁKK Cutting Premiums on PMÁP
Parl't Approves Amendments to Legislation on Judiciary
Magnus Aircraft Signs CNY 65 mln Order
Accommodation Fully Booked Over Pentecost Weekend
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
