Blue Bonds: any type of debt instrument used to raise funds for the purpose of financing or refinancing, in whole or in part, projects and purchase of assets related to the water / ocean / blue economy.
Green Bonds: any type of debt instrument used to raise funds for the purpose of financing or refinancing, in whole or in part, projects and the purchase of assets capable of bringing benefits to the environment or also contributing to mitigate the effects of climate change
Social Bonds: any type of debt, equity and/or hybrid instrument used to raise funds for the purpose of financing or refinancing, in whole or in part, projects and the purchase of assets capable of contributing to alleviate socio-economic problems
Sustainable Bonds: any type of debt instrument used to raise funds for the purpose of financing or refinancing, in whole or in part, a combination of Green and Social Projects.
Cabo Verde opted to transpose the good practices established in the two aforementioned ICMA documents into the domestic legal system, in order to, on the one hand, guide the performance of issuers, investors and other market agents and, on the other hand, ensure the legal certainty of the operations performed. Accordingly, subject to the provisions of the Securities Market Code and other complementary legislation for issuing debt securities, the Securities Market Audit Office approved two regulations: - Regulation No. 1/2021, dated July 20, which establishes the rules for issuing green securities, with emphasis on bonds (Green Bonds); - Regulation No. 2/2021, dated November 29, which establishes the rules for issuing and labeling social bonds, with emphasis on bonds (Social Bonds). Note that this regulatory framework is to be completed with the adoption of a third regulation, this time targeting the blue economy sector, which will establish the rules for issuing Blue Bonds. This regulation, including the Taxonomy on which it will be based, is at an advanced stage of preparation. The Cabo Verde Securities Market Code establishes the fundamental principles and provisions governing the organization, functioning and operations of the securities and financial instruments market and the activities carried out in these markets by all agents involved in this context