The Nature Conservation Notes issued by Credit Suisse and Althelia Ecosphere win Environmental Finance's Deal of the Year Award

1 April 2015

They were developed jointly by the bank and the environmental investment specialist Althelia, and the proceeds will be channelled to the Althelia Climate Fund.

Though modest in size – €15 million ($16 million) – the issue innovatively combines two tools of environmental finance: carbon credits and green bonds.

“The notes were immediately popular, raising the full amount in just ten days”, says Fabian Huwyler, vice president of sustainability affairs at Credit Suisse.

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