Barclays to Invest at Least 1 Billion Pounds in Green Bonds

Sept. 22 (Bloomberg) — Barclays Plc said it plans to
invest at least 1 billion pounds ($1.6 billion) in green bonds
by November next year.

Barclays will buy the debt that’s designed to raise money
for low-carbon projects from issuers including the World Bank,
it said today in an e-mailed statement. Its current green-bond
portfolio is worth about 430 million pounds.

“The participation of strategic investors such as Barclays
in the green-bond market will continue to bring scale and
diversity to the market and help mobilize more capital for
climate-friendly projects,” Madelyn Antoncic, vice president
and treasurer at the World Bank, said in the statement.

To contact the reporter on this story:
Louise Downing in London at

To contact the editors responsible for this story:
Reed Landberg at
Ana Monteiro, Tony Barrett

About BloombergNEF

BloombergNEF (BNEF), Bloomberg’s primary research service, covers clean energy, advanced transport, digital industry, innovative materials and commodities. We help corporate strategy, finance and policy professionals navigate change and generate opportunities.

Available online, on mobile and on the Terminal, BNEF is powered by Bloomberg’s global network of 19,000 employees in 176 locations, reporting 5,000 news stories a day.
Sign up for our free weekly newsletter →

Want to learn how we help our clients put it all together? Contact us