The ongoing drought in the Western Cape landed the city of Cape Town in a situation that required them to devise a plan: a climate-conscious bond.
RMB was appointed as the lead arranger in our country’s first certified Green Bond accredited with the Climate Bonds Initiative. This R1-bn deal was raised at an exceptionally competitive rate, with the proceeds used to help alleviate climate challenges by upgrading the municipality’s water infrastructure.
The city of Cape Town’s Green Bond is a first in South Africa, being the only Green Bond in the country to be accredited by the Climate Bonds Initiative (CBI).
Lead arranger in ZAR1-bn Green Bond.