Proparco has invested €50 million in a fund for green bonds issued by companies in emerging countries. This investment in the $538 million HSBC Real Economy Green Investment Opportunity (REGIO) fund makes Proparco one of its three founding investors. REGIO will invest in green bonds issued by private companies based in emerging countries in Asia, Africa and Latin America.

The green bond market is today still mainly an active market for investors and issuers in developed countries, bu...