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Definition: Any type of bond instrument where the proceeds will be exclusively applied to finance or re-finance eligible green projects ( ICMA Green bond principles (ICMA: self-regulatory organization and trade association for participants in the capital markets))Key concepts for green bonds: Use of proceeds exclusively for green projectsAlternative definitions:Fixed-income securities that raise capital for use in projects or activities with specific climate or environmental sustainability purposes (Moody's: Credit rating agency)A bond whose proceeds are allocated to environmental projects (Climate Bonds Initiative: International, investor-focused not-for-profit organization)

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