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

[{"selector":"#anim-f2513dbe-471f-4cf8-968e-7709ecb588e6 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(31.67918821348713%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}]

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

[{"selector":"#anim-22fc0549-b7b3-48d7-96bf-34110dd6d7dc [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(47.22321391484633%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Image Credit: ETAuto

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

[{"selector":"#anim-16aa0e65-4502-492c-ad99-739b4762d04e [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-57.0702039046578%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] 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,

[{"selector":"#anim-c903b93f-f5c1-4de8-bbc9-fbce76103992 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-44.77678548184662%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Image Credit: The Guardian

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

[{"selector":"#anim-10f203dd-1422-4070-9beb-a03532b4132b [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(34.19732431882569%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] 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…

[{"selector":"#anim-39dcc365-0a74-4e33-b528-9ca6bace46f4 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-47.17809340472028%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Image Credit: Financial Times

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

[{"selector":"#anim-88e96d34-1e47-4bda-a36b-6eaae518df60 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(26.11201284206161%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Image Credit: Mining.com

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

[{"selector":"#anim-51c9b267-92c6-4781-a722-bef1f0c4800c [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(38.67800353886746%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Image Credit: The New York Times

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

[{"selector":"#anim-caef2448-56ca-4f1a-93b3-7406b29c5b7e [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(31.026611212995213%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Image Credit: Reuters

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

[{"selector":"#anim-9ed9550a-2b1e-4f38-ac10-ff43386786d3 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(31.284090795523493%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] 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

For More Stories

[{"selector":"#anim-52cc33e8-f87d-4d3f-a07f-f444185f3101","keyframes":{"transform":["translate3d(105.58659%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cbfa807c-5035-45d7-ac25-a44aceee4529","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-507e2211-45da-49ab-8447-357157b67dba","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-b59e3779-c454-4a4e-9f18-8c67b389fb84","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-b0c7e76e-2091-4cf7-a091-f7b1936379ff","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Image Credit: Daily Express