R1,9bn Green Bond for International Financing Corporation

In partnership with the International Financing Corporation (IFC), Nedbank Limited issued a R1,9 billion green bond to facilitate and support certified affordable residential housing developments in South Africa.

To accelerate financing and expanding construction of eligible projects, Market Accelerator for Green Construction (MAGC) program has agreed to provide a performance-based incentive (PBI) to incentivise local new and existing developers to overcome the cost barrier relating to greening of residential developments.