India: World’s first green hedge
Deutsche Bank and Continuum Energy Levanter Pte Ltd announced they have executed the world’s first green hedging transaction with a second party opinion based on a specially designed green hedge framework.
Deutsche Bank Head of Sustainable and Special Solutions Asia, Rahul Jain said: “This hedge structure has the potential to set new standards for increased transparency and risk management particularly for Emerging Markets hard currency green bond issuances.” The FX hedge solution is for a 6 years tenor in US dollars/Indian Rupees on notional of US$185 million, linked to Continuum’s green bond US dollar primary issuance and based on their green bond framework.
