Location: Ulaanbaatar, Mongolia
Issuer: European Bank for Reconstruction and Development (EBRD)
Total amount issued: 250 million USD
Bond maturity date: 4/10/2018
Praxis purchase: 500,000 USD
Bond rating: Aaa
The European Bank for Reconstruction and Development (EBRD) issued green bonds to support environmental sustainability throughout Europe, the Middle East, Africa, and Asia. Financed by the EBRD, the Salkhit Wind Park promotes sustainable power solutions in Ulaanbaatar, Mongolia. The wind farm is expected to provide about 5 percent of the country’s electricity needs and reduce CO2 emissions by 164,000 metric tons each year.