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Report: Credit Suisse Group plans inaugural green bond

Swiss bank Credit Suisse Group AG is planning its debut green bond, Thomson Reuters' IFR reported March 7.

The proceeds from the issuance will initially be allocated to projects contributing to sustainable energy and climate action.

The bank will release a framework on the usage and management of proceeds according to the International Capital Market Association's Green Bond Principles and the U.N. Sustainable Development Goals, along with details of the issuance, at a series of presentations in Europe.