QTC plans to issue its first green bonds
(24 February 2017 – Australia) The Queensland Treasury Corporation (QTC) has commissioned Bank of America Merrill Lynch, ANZ and National Australia Bank to execute its first ever green bond issuance.
Treasurer and Minister for Trade and Investment, Curtis Pitt, said the QTC planned to issue certified and independently verified green bonds to domestic and international investors for use on projects funded entirely or in part by the Queensland Government.
“This is great news for Queensland as QTC Green Bonds will assist the government’s commitment to the environment and action on climate change to benefit future generations,” Mr Pitt said.
“It means Queensland will be joining an ever-growing worldwide movement in supporting the issuing of green bonds.”
Philip Noble, QTC Chief Executive, said green bond could be allocated to existing, new or ongoing eligible projects that had environmental benefits for Queensland.
“Eligible projects are those funded, entirely or in part, by the State of Queensland, supporting the transition to a low-carbon and climate-resilient economy,” Noble said.
In a statement, Noble added “details of the QTC Green Bond would be made available following an announcement to the market, as this enabled fair and transparent dealings with investors.”
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