The Climate Investment Funds (CIF) funding markets machine (CCMM) has really made its market launching with an inaugural bond that elevated $500m.
CCMM is inserting itself as an ingenious firm targeting mobilising cash for setting exercise and lasting development.
The launching bond was 6 occasions oversubscribed, backed by a exceptional order publication going past $3bn from worldwide financiers.
The three-year bond notes the very first issuance underneath CCMM’s loaning program, adhering to the information of its itemizing in November 2024 at COP29.
Climate Investment Funds CHIEF EXECUTIVE OFFICER Tariye Gbadegesin talked about: “Today is a historic minute for setting cash. The inaugural CCMM bond concern has really gone past all assumptions, with our order publication over 6 occasions over-subscribed.
“This is an enormous vote of confidence and a sign of the keen market interest in backing high-quality clean energy projects. These bonds will multiply the funds available for scaling-up clean technology and infrastructure in developing countries – not in ten years, but now, when it’s most critically needed.”
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