Malta’s first-ever Green Bonds have been launched by the Water Services Corporation (WSC).
Proceeds from the Green Bonds will be used to finance a number of green projects, including Gozo’s “cutting-edge” reverse osmosis plant in Hondoq, the WSC said.
The €25 million issuance will have a maturity term of 10 years and an interest rate of 4.25% and are in line with the UN’s Sustainable Development Goals and the EU’s Green Deal.
Other projcets that will benefit from the Greens Bonds income will be solar farms that will generate renewable energy and reduce WSC’s reliance on fossil fuels. Wastewater treatment plants that will improve water quality and reduce pollution, and enhancements to WSC’s water network that will reduce non-revenue water and improve efficiency.
WSC explained that “these projects will help to address some of the most pressing water challenges facing Malta, including water scarcity, climate change, and pollution. They will also help to create jobs and boost the economy.”
The Green Bonds are open to both institutional and retail investors. Interested investors can consult an authorised financial institution.
The Green Bonds have been certified by the Climate Bonds Initiative, which is an international organisation that promotes the issuance of green bonds.
This certification ensures that the proceeds from the bonds will be used to finance projects that have a positive impact on the environment, the WSC said