Home Breadcrumb caret Industry News Breadcrumb caret Industry RBC enters the green bond market Proceeds will fund renewable energy and green building projects By Staff | April 24, 2019 | Last updated on April 24, 2019 1 min read Royal Bank of Canada (RBC) announced the issuance of its first green bond on Wednesday. In a release, RBC said proceeds from its €500 million five-year green bond will fund a portfolio of new and existing assets primarily in the renewable energy and green building categories. Other categories eligible to receive proceeds from the fund include clean transportation, sustainable water and waste water management, and pollution prevention and control. RBC has underwritten a number of green bonds but had not issued one until now. “The issuance of green bonds will further diversify our funding sources and satisfy the needs of investors that have green mandates,” David Power, RBC’s vice-president, corporate treasury, said in a statement. Staff The staff of Advisor.ca have been covering news for financial advisors since 1998. Save Stroke 1 Print Group 8 Share LI logo