ITALY became the first team to reach the knockout stage of Euro 2020 as midfielder Manuel Locatelli scored twice in a 3-0 win over Switzerland in Rome on Wednesday, while Wales moved to the brink of joining them by beating Turkey.
THE National Association of Securities Dealers Automated Quotations (Nasdaq) Sustainable Bond Network on Monday welcomed Bank Windhoek as its newest member – following the launch of its bond last week.
This was shared by Nasdaq on its official website, social media platforms, and the main billboard in Times Square, New York City.
Sustainability bonds raise additional funds and make favourable loans available to fund feasible projects that bring environmental and social-economic benefits.
Bank Windhoek becomes the first Namibian commercial bank to join the Nasdaq Sustainable Bond Network after the successful issuance and listing of its first sustainability bond in southern Africa.
“As a responsible Namibian financial institution, our membership of the Nasdaq Sustainable Bond Network is a step in the right direction. It supports global efforts in recognising that we can all make a contribution toward a sustainable future,” said Bank Windhoek's managing director, Baronice Hans.
The Nasdaq Sustainable Bond Network provides Bank Windhoek with an online platform to showcase its green and sustainable bond framework details, impact reports, projects finance, and bond listing details.
“Investors and analysts will have access to detailed information for due diligence, selection, and monitoring purposes, opening up the opportunity to attract potential investors to Bank Windhoek and Namibia. Our membership to the sustainable bond network demonstrates the credibility of our sustainable bond framework,” said the bank's manager of sustainable investments Ruan Bestbier.
Bank Windhoek's chief treasurer, Claire Hobbs, said that given the need for an urgent transition to a low-carbon, climate-resilient economy and sustainable economic development, financial markets play an integral role in driving investments in climate-friendly projects.
“The transition to a sustainable and green economy requires scaling up financing of investments through projects that provide environmental and social benefits,” said Hobbs.
The Nasdaq is an American multinational financial services corporation headquartered in New York City. It owns and operates three stock exchanges in the United States – the Nasdaq Stock Exchange, the Philadelphia Stock Exchange and the Boston Stock Exchange. It also operates seven European stock exchanges: Copenhagen, Helsinki, Iceland, Riga, Stockholm, Tallinn, and Vilnius.
The Nasdaq tracks more than 3 300 company listings, including Apple, Microsoft, Amazon and Facebook. Most of these listings are technology and internet-related. There are also financial, consumer, biotech, and industrial companies that are listed.