Alteo Launching Green Finance Framework
Listed energy company Alteo announced yesterday that it has developed and set up its own green finance framework, reviewed by Deloitte as an external expert, according to an announcement on the website of the Budapest Stock Exchange.
This will enable the company to issue green bonds and take out green loans, subject to sustainability goals.
According to Erste analysts, the move is positive, as there is considerable interest in green bonds.
Additionally, a green bond issue may attract a larger group of investors in the future, which is likely to reduce pricing, with a yield level that is about 10-30 basis points lower than compared to a non-green bond issue.
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.