Macquarie Asset Management has invested £130 million ($175 million) in a green bond issued by Affinity Water, a company that provides regulated water services to more than 3.6 million people across southeast England.
Macquarie invested in the bond alongside four institutional investors seeking exposure to sustainable investments.
“We are delighted to bolster Affinity Water’s financing strategy by participating in the company’s first green bond,” said Gareth Edwards, a senior vice president in Macquarie’s private credit team. “As the U.K.’s population continues to grow and the effects of climate change become more apparent, investment is required to ease pressure on essential community infrastructure.”
Proceeds from the green bond issuance will be invested in projects that improve the sustainability performance of Affinity Water’s 4,500-kilometer (2,796-mile) network, including water treatment, leakage reduction, catchment management, river res
