Teachers Mutual Bank Limited $500m Debt Issuance Programme - Information Memorandum dated 29 September 2014

Product Name

Teachers Mutual Bank Limited $500m Debt Issuance Programme - Information Memorandum dated 29 September 2014

Issuer

Teachers Mutual Bank Ltd

Category

Banking

Type

Term Deposit/Short Term Deposit

Target

Wholesale

Certified Since

2015

Asset Classes

Cash

Markets

Australia

Investment Approaches

Negative Screening, Minimum-standards (norms-based) screening

It Includes:

  • No inclusions5 No inclusions

It fully excludes:

  • Riaa icons 33 Fossil fuels

Overview

The Ethical Investment Certification is of Teachers Mutual Bank Limited’s $500m Debt Issuance Programme (DIP) for wholesale investors. The cash proceeds raised are used to fund the Banks’ balance sheet. Certification is on the basis that the Bank’s Policy of ‘the exclusion of lending to, or investing in, large scale greenhouse gas pollution from fossil fuel exploration, extraction, production and use’ Under the DIP, the Bank may issue debt securities that are issued in series, and each series may compromise one or more tranches; these may vary in number, timing and tenor. By certifying the DIP, each individual issuance of notes or tranches is certified.


Description


This DIP  represents zero investment in the fossil fuel industry.  Various lending opportunities are disqualified from the Banks’ lending origination business. Such exclusions are where: 
•the purpose would be to finance large scale greenhouse gas pollution from fossil fuel exploration, extraction, production and use; or
•the purpose would be to directly lend to, buy equity or debt in any large scale greenhouse polluting activities from fossil fuel exploration, extraction, production and use.
The bank will not directly invest in any large scale greenhouse gas polluting (i.e. fossil fuel exploration, extraction, production and use) activities or companies.


Other products certified by the Responsible Investment Association Australasia (RIAA)

Teachers Mutual Bank Limited $500m Debt Issuance Programme – Information Memorandum dated 26 November 2018

Wholesale Short Term Deposits (STDs)

Teachers Mutual Bank Ltd Deposit products

Teachers Mutual Bank Ltd Mortgage products

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