Climate Bonds/Green Bonds

Approximately. 70 industry professionals attended the presentation by Sean Kidney,
CEO Climate Bonds Initiative & team followed by a panel discussion.
Compared to last year, the number of attendants doubled, illustrating the
strong interest in the climate bond segment.Attached please find the report and a presentation , which was first published at the Frankfurt
event, and  the presentation.

Lunchtime Presentation July 8th, here
the Eurozone launch of the „Bonds and Climate Change: State of the Market 2015 Report“ hereThe message by investors at the event was clear. „use of proceeds“ bonds are
needed, as investor demand is significant among a wide range of
institutional investors.

Besides investor diversification, issuers increasingly see other benefits
of „use of proceeds“ bonds. This was illustrated by the recent sell-off /
high intra-day volatility in Bonds and other fixed income segments during
May 2015, where green bonds were easier to place in the market then
conventional bonds.