- Altech Chemicals (ATC) has begun a listed green bond project funding option
- Green bonds were created to fund projects that have a positive environmental impact and climate benefits
- Bluemount Capital will work with Altech’s London-based partner, Bedford Row Capital, to prepare a bond structuring and execution plan for the European market
- On May 20, Altech announced that its high purity alumina (HPA) project had been formally assessed as green by the independent Centre of International Climate and Environmental Research in Norway
- This assessment confirms that the company’s HPA project is suitable to receive green bonds
- Altech is steady on the market and shares are currently trading for 4.6 cents each
Altech Chemicals (ATC) has begun a listed green bond project funding option.
Green bonds were created to fund projects that have a positive environmental impact and climate benefits.
Bluemount Capital will work with Altech’s London-based partner, Bedford Row Capital, to prepare a bond structuring and execution plan for the European market.
On May 20, Altech announced that its high purity alumina (HPA) project had been formally assessed as green by the independent Centre of International Climate and Environmental Research in Norway.
This assessment confirms that the company’s HPA project is suitable to receive green bonds.
The bond structuring and execution plan will provide Altech with a definitive execution plan for a green bond offering.
The offer size will be at least US$100 million (around A$139 million) and will take a minimum of five years to mature.
Altech is steady on the market and shares are trading for 4.6 cents each at 11:54 am AEST.