The success of green bonds is spurring interest in offerings targeting projects aligned with the U.N. Sustainable Development Goals.
Australian Catholic University’s raised A$200 million ($159 million) with a 10-year bond that is the first to be issued under the new Sustainability Bond Guidelines by the International Capital Markets Association.
The bond, which drew A$500 million in bids, will fund “energy efficiency, water conservation, recycling and reuse of its waste” as well as more sustainable buildings, Energy Markets reports.
Catholic institutions have been rallying behind sustainable and impact investing, following Pope Francis’ endorsement of mission-driven investing in 2014.
