<p><span class="v"><span>Berkeley Group is planning to issue £400 million of “Green Bonds” to finance the development of its energy efficient homes.</span></span></p> <p><span>The housebuilder intends to issue the ten-year bonds, guaranteed by the company, on August 11 at an interest rate of 2.5% per annum. It will also use them to restructure its existing banking facilities.</span></p> <p><span>Berkeley said the Green Bonds would be used in alignment with its Green Bond Framework. The Framework supports the firm’s sustainability commitments, financing project developments and assets to achieve “Our Vision 2030” - Berkeley’s long term strategy launched earlier this year. This comprises ten priorities including customers, quality, climate action and nature.</span></p> <p><span class="v"><span>The proceeds of the Bonds will be used “</span></span><span class="w"><span>specifically in connection with the development of green buildings (energy efficient homes) on [the company’s] complex large-scale regeneration sites, where the Berkeley Group is transforming neglected brownfield land into flourishing, well-connected, nature rich, low carbon neighbourhoods and communities,” a statement from Berkeley read.</span></span></p> <p><span class="w"><span> </span></span><span>Berkeley’s announcement follows a number of meetings with investors “which generated substantial investor interest”.</span></p> <p><span class="w"><span> </span></span><span>Richard Stearn, Berkeley’s chief financial officer, added: "We have been delighted by the strength of institutional demand for our debut issue of …