Venture Iron-Ore Titan Fortescue Makes  Venture Into Green-Bond Market

Finance  News

By Devesh Tyagi

April 07 2022

Iron-ore large Fortescue Metals Team Ltd. marketed $1.5 billion in bonds that consist of a portion earmarked to profit the environment,

Image Credit: ETAuto

…the latest initiative by its billionaire creator Andrew Forrest to pivot into the growing green market.

Image Credit: Reuters

…with its FMG Resources (August 2006) Pty Ltd. system, touched the U.S. high-yield market with a two-part bond offer on Wednesday,

Image Credit: The Guardian

…according to an individual with expertise of the matter.  The 10-year tranche is a $800 million eco-friendly bond,…

Image Credit: The West Australian

…Proceeds from the launching sale of Fortescue's green bonds will be used to finance or refinance new or existing eligible eco-friendly projects…

Image Credit: Financial Times

The green-bond market is exploding as governments, as well as businesses across sectors,

Image Credit:

… rush to raise funds for their own purposes amid tensions between capitalists as well as officials.

Image Credit: The New York Times

Debt sales were $513 billion in 2014, according to information gathered by Bloomberg.

Image Credit: Reuters

Projected annual sales could reach a fresh high of between $900 billion,

Image Credit: Barron's

…and $1 trillion by the end of this year – and even as high as $5 trillion by 2025.

Image Credit: The Economic Times

Image Credit: Daily Express

For More Stories