Its purpose is twofold: to support emerging countries and to contribute to the fight against global warming. IFC, a World Bank subsidiary dedicated to the private sector, and HSBC Global Asset Management are launching a green bond investment fund called Regio for which they have raised $ 474 million. A positive signal in the context of the crisis when the emerging markets have suffered a lot of volatility and massive capital outflows.
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A first round has just been completed with seven private investors, including the British insurer Aviva and BNP Paribas Cardiff. Other negotiations are under way. " We are targeting an amount of $ 750 million to $ 1 billion , " said Xavier Baraton, world manager of bond management for HSBC Global Asset Management.
Green bonds, that is to say loans issued on the markets aimed at accelerating the climate transition, have been on the rise for several years, totaling more than 700 billion
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