Original disclosure @ IFC website
Updated in EWS Oct 24, 2022
Disclosed by Bank May 2, 2022
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The project involves the establishment of a minimum US$750 million climate risk focused emerging markets fund, the HSBC Real Economy Green Investment Opportunity GEM Bond Fund (the “Fund”), managed by HSBC Global Asset Management (“HSBC GAM”). The Fund will help channel resources primarily from developed markets to finance climate related projects in developing countries. The Fund will achieve this goal by mobilizing capital from institutional investors, mostly, in developed countries and investing the capital in green bonds and to a lesser extent sustainability bonds issued by financial and real sector entities in developing countries. The issuing entities will in turn invest the proceeds of the bonds in eligible climate and social impact projects under a suitable framework
HSBC Global Asset Management, the asset management arm of HSBC, is a major investor in emerging market assets. HSBC GAM has a global team of more than 600 investment professionals in hubs across the major fixed income markets around the globe. HSBC GAM has a presence in 26 different countries and as at June 30th, 2018, had assets under management of US$468.3 billion, US$92 billion of this was emerging markets assets under management.
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HSBC Global Asset Management
Global Head of Product – Equities and Responsible Investment
+44 (0) 20 7024 0825
Canada Place, 8 Canada Square, Canary Wharf, London E14 5HQ, United Kingdom
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