December 3, 2018 / 11:18 AM / 8 days ago

Aquila Capital launches first, 50 mln euro green bond

LONDON, Dec 3 (Reuters) -

* Alternative asset manager Aquila Capital has launched its first green bond with a value of 50 million euros ($57 million) with a duration of five years via Norwegian hydropower plant operator Smakraft, it said on Monday

* The proceeds of the green bond will be used to finance Smakraft’s growth, which includes an aim of doubling its annual energy production from hydropower to 2 terrawatt hours by 2022

* Green bonds are a growing category of fixed-income securities, which raise capital for projects with environmental benefits ($1 = 0.8830 euros) (Reporting by Nina Chestney)

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