Largest Green Bond Fund for Emerging Markets Nears $2 Billion

Aug. 23, 2017, 9:26 PM

The World Bank’s International Finance Corp. and European asset manager Amundi SA are targeting year-end to raise $2 billion for what is expected to be the world’s largest green-bond fund dedicated to emerging markets.

The fund aims to marry the goals of investors seeking more high-yield opportunities and development banks seeking to expand the green economy in emerging markets. Initially, only 10 to 12 percent of capital in the Amundi-IFC fund will be invested in green bonds, said Fred Samama, deputy global head of institutional and sovereign clients at Amundi, in an interview.

Lenders such as the World Bank are ...

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