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First euro zone Certified Climate Bond issued by ABN AMRO
EUR 500m, 5 yr A- Largest Certified Climate Bond to dateLondon, 3 June 2015 – Netherlands State-owned bank, ABN AMRO, today issued its first green bond, withproceeds going to green property. The EUR500m ($556m) deal is the first euro zone green bond to be certified
under the Climate Bonds Standard - a Fair Trade-like labelling scheme for bonds designed to allow investors toeasily prioritise ‘climate-smart’ low carbon investments.
The bond is also the largest Certified Climate Bond to date. It was upsized from EUR 350m due to hugeinvestor demand with orders close to the EUR 1bn mark.
The news came on the day of the official launch of the Climate Bonds Standard for Low Carbon Buildings at theRI 2015 in London.
Proceeds of the green bond will finance and refinance mortgage loans for new residential buildings, andprovide green loans for financing solar panels installed on residential buildings as well as commercial realestate loans for the construction and financing of energy efficient buildings.
Oekom research AG carried out the verification of the green credentials against the Climate Bonds Standardfor Low Carbon Buildings.
Investors included 60% dedicated green investors and another 10% who prefer SRI investments but do nothave yet special funds, analysts or requirements.
This is the second Certified Climate Bond issued in a week, following ANZ’s green property and renewables
bond that was a hit among investors.
Sean Kidney, CEO of the Climate Bonds Initiative that coordinates the Standards program said: ‘Having a bondcertified under the Standard means that a Climate Bonds approved verifier – in this case Oekom Research AG certifies that the use of proceeds of the bond complies with a set list of criteria for low carbon buildings,
developed by scientists and industry experts.’
He added: ‘It is great to see the Dutch jumping on the certification bandwagon and setting a great example for
the EU region. With the low carbon property standard available we expect to see more certified deals.’
Joop Hessels, Executive Director Sustainable Bond Finance said: ‘Investors and NGO's have made clear that an
independent standard on what is considered green is supporting the trust and transparency in the green bondmarket. The efforts made by the Climate Bond Initiative to define standards for an increasing number of assets
are instrumental to the growth of the market.’He added: ‘ABN AMRO was very keen to adhere to the new Climate Bonds Standard for Low Carbon Buildings
for both residential and commercial buildings. We are proud to have issued a Certified Climate Bond and thisfeature was welcomed by many investors.’Daniëlle Boerendans of ABN AMRO Funding & Capital Issuance said ‘During our talks with investors we notedthat they were very interested in our first green bond. This was reflected in the order book, which was welloversubscribed.
She added: ‘These sustainable investors further diversify our existing investor base. Given the success of thefirst bond, we are definitely keen to return to the green bond market on a regular basis.’
Demand for investments that address climate change has soared in the past year and fuelled the rapid growthof the green bond market, which trebled in size in 2014 to reach USD36.8bn.

---------------------------------------------ENDS--------------------------------------------For more information or to arrange interviews, please contact:
Rozalia Walencik, Communications, Climate Bonds Initiative, rozalia@climatebonds.net +44 772 382 8954
Sean Kidney, CEO, Climate Bonds Initiative, sean@climatebonds.net, +44 752 506 8331
About Climate Bonds Initiative: The Climate Bonds Initiative is an investor-focused not-for-profit. It is the onlyorganization in the world working to mobilise the USD 100 trillion bond market for climate change solutions.
www.climatebonds.net @ClimateBonds
Climate Bonds Standards and Certification Scheme – Climate Bonds Standard is a screening tool for investors
and governments, which allows them to easily prioritize climate and green bonds with confidence that thefunds are being used to deliver climate change solutions. It is co-ordinated through the work of dedicatedworking groups, overseen by a Climate Bond Standards Board representing $34 trillion of assets undermanagement. www.climatebonds.net/standards