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
ldowning4@bloomberg.net
To contact the editors responsible for this story:
Reed Landberg at
landberg@bloomberg.net
Ana Monteiro, Tony Barrett