QIC and Vector secured a $1.6 billion green loan under the new Climate Bonds Standard, to finance QIC Infrastructure’s acquisition of a 50% stake in Vetor Metering and fund the business’ ongoing electricity smart metering expansion across Australia and New Zealand. JP Morgan acted as financial advisor on the transaction.
The Judging Panel congratulated QIC and JP Morgan for their advice, with the Vector Metering transaction being the first to achieve certification under the newly launched Climate Bonds Standard and Certification 4.0 scheme. They also acknowledged the transaction’s significance as the largest Climate Bonds certified green bank loan arranged under the Climate Bonds’ electrical grids and storage eligibility criteria.