By BUUMBA CHIMBULU COPPERBELT Energy Corporation PLC’s (CEC) US$200 million Green Bond attracted strong interest from both local and international investors, as it is awarded “Bond of the Year” at IJGlobal Awards 2024. Issued in December 2023 through its subsidiary, CEC-Renewables, the Green Bond Medium-Term Note Programme was designed to finance renewable energy projects, with a primary focus on solar power. Head Corporate Communications and Investor Relations, Verona Mwila Nkolola, said the bond attracted strong interest from both local and international investors. Ms Nkolola pointed out that the first tranche of US$53.5 million was oversubscribed by 178 percent, while the second tranche of US$96.7 million was also oversubscribed by 230 percent. “This overwhelming response reflects the growing confidence in both green bonds as a viable financing tool for the development of green projects and the company’s strategy,” she said. The CEC Group continues to support the contry’s transition to sustainable energy through key solar projects, […]
CEC’s $200m green bond crowned ‘Bond of the Year’
