EBRD backs blue bond issuance by Housing Bank in Jordan
Jordan, July 9 -- The European Bank for Reconstruction and Development (EBRD) has invested US$ 100 million in blue bonds issued by Housing Bank, one of Jordan's leading financial institutions.The issuance is the first blue bond in both Jordan and the wider southern and eastern Mediterranean region (SEMED). It is also the third use-of-proceeds labelled bond issued by a financial institution in Jordan. Such issuance supports the development of the sustainable finance market in Jordan, as well as the local capital market.The bonds are being issued under Housing Bank's Green Bond Framework, which is aligned with the International Capital Market Association's Green Bond Principles and the International Finance Corporation's Guidelines for Blue F...
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