South Africa lays groundwork for debut sovereign green bond

South Africa is targeting a debut sovereign green bond as soon as this fiscal year to help raise the R3.7-trillion needed to mitigate the effect of greenhouse gas emissions over the next decade. “Aspirationally, we would like to issue something within this fiscal year, so we’ve got from now until March 2027,” Wanga Cibi, chief director for liability management at the National Treasury, said in an interview. “If not, definitely in the 2027-28 fiscal year.”

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