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IDC launches R2bn sustainability bond amid strong investor demand
The Star
|March 24, 2025
THE Industrial Development Corporation (IDC) has issued a R2.046 billion maiden sustainability bond, exceeding its R1.5bn target amid strong investor demand, the state-owned funder said this week.
The bond, oversubscribed with an orderbook of R3.464bn, was issued in 5-, 7-, 10-, and 12-year tenors, with proceeds earmarked for projects under IDC’s Sustainable Finance Framework, including renewable energy and green hydrogen initiatives.
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FLERE HISTORIER FRA The Star
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