Teachers Mutual Bank ethical bond issuance doubles to $200 million Talk to us Phone us Email us Breadcrumbs Teachers Mutual Bank Community 2017 Teachers Mutual Bank ethical bond issuance doubles to $200 million 12 July 2017 12 July 2017 Teachers Mutual Bank ethical bond issuance doubles to $200 million 2nd Ethical Investment of A$100m in last 12 months Part of Bank’s A$500m Certified Debt Issuance Programme for wholesale investors 1st Certified Ethical Investment wholesale cash product in Australia Teachers Mutual Bank Ltd (TMBL) has issued a second series of A$100 million three-year floating rate notes, following the first issuance in October 2016. TMBL has achieved Ethical Certification by the Responsible Investment Association Australasia (RIAA) for its $500m Debt Issuance Programme (DIP) for wholesale investors on the basis that the Bank’ Policy is ‘the exclusion of lending to, or investing in, large scale greenhouse gas pollution from fossil fuel exploration, extraction, production and use.’ Each individual issuance of notes or series is certified. It is the first certified ethical investment wholesale cash product that is based on fossil fuel lending and investing exclusion. Certification started in June 2015 for the first two year period and has been extended for a further two years, from June 2017 to June 2019. Background TMBL’s $500m Debt Issuance Programme for wholesale investors has been certified by RIAA according to the strict operational and disclosure practices required under the Responsible Investment Certification Program. See www.responsibleinvestment.org for details. The Responsible Investment Certification Program does not constitute financial product advice. Neither the Certification Symbol nor RIAA recommends to any person that any financial product is a suitable investment or that returns are guaranteed. Appropriate professional advice should be sought prior to making an investment decision. RIAA does not hold an Australian Financial Services Licence.
