Capricorn: Nasdaq welcomes Bank Windhoek to the Sustainable Bond Network

National Association of Securities Dealers Automated Quotations (Nasdaq) Sustainable Bond Network in new York welcomed Windhoek Bank as a newest member.

The Nasdaq Sustainable Bond Network provides Windhoek Bank with an online platform to showcase details of its green and sustainable bond framework, impact reports, funded projects and bond listing details.

Windhoek Bank, at June 2, 2021, became the first Namibian commercial bank to join the Nasdaq Sustainable Bond Network after the successful issuance and listing of its first sustainability bond in the Southern Africa region.

“As a responsible Namibian financial services institution, our membership in the Nasdaq Sustainable Bond Network is a step in the right direction. It supports global efforts by recognizing that we can all make a contribution to a sustainable future, ”said Windhoek Bank Managing Director, Baronice Hans.

The Bank’s Director of Sustainable Investments and Transaction Creation, Ruan Bestbier, said that with the Nasdaq platform, investors and analysts will have access to detailed information for the purposes of due diligence, screening and monitoring, opening up the possibility of attracting potential investors to Windhoek Bank and Namibia.

“Our membership in the Sustainable Bond Network demonstrates the credibility of our sustainable bond framework,” said Bestbier.

Windhoek Bank Chief Treasurer, Claire Hobbs, said that given the need for an urgent transition to a low-carbon, climate-resilient economy and sustainable economic development, financial markets play a critical role in stimulating investment in climate-friendly projects. weather.

“The transition to a sustainable and green economy requires increased funding for investments through projects that deliver environmental and social benefits,” said Hobbs.

Nasdaq is an American multinational financial services company headquartered in New York City. The Nasdaq owns and operates three exchanges in United States: its namesake, the Nasdaq Stock Exchange, the Philadelphia Stock Exchange, the Boston Stock Exchange, and seven European stock exchanges: Copenhagen, Helsinki, Iceland, Riga, Stockholm, Tallinn, and Vilnius.

The Nasdaq tracks more than 3,300 business listings, including Apple, Microsoft, Amazon, and Facebook. Most of these lists are related to technology and the Internet. Yet there are also financial, consumer, biotechnology and industrial companies that are listed.

The Nasdaq welcomes Windhoek Bank to the Sustainable Bond Network on the main billboard of Times Square, New York City.

Copyright Namibia Economist. Distributed by AllAfrica Global Media (allAfrica.com)., Source English press service