In Short – The Asian Development Bank (ADB) successfully issued a $3.5 billion 2-year global benchmark bond. This significant issuance supports ADB’s mission to promote social and economic development in Asia. The bond attracted diverse investor participation, reflecting confidence in ADB’s creditworthiness and the region’s growth prospects. Proceeds will fund projects aimed at sustainable development […]
Redwood Materials plans to spend $3.5 billion on making EV battery essentials – EQ Mag Pro
Redwood Materials, founded by former Tesla Inc executive JB Straubel, said on Monday it plans to spend $3.5 billion on a battery-materials factory in northwest Nevada, confirming an earlier report by the Wall Street Journal. The auto industry has been ramping up production of electric vehicles (EV) to meet a demand surge, driving up orders […]
Zero Fossil-Fuel Lending Ahead in Nedbank’s $3.5 Billion Plan
Nedbank Group Ltd. has committed 50 billion rand ($3.5 billion) to renewable energy projects as the South African lender forges ahead with plans to retreat from fossil-fuel financing. The nation’s fifth-largest lender by value has already approved over 37 billion rand for clean-energy developments. It also secured deals in South Africa’s latest bidding round for […]