HSBC has helped clients issue $170 bln of green bonds this year -Group CEO

DUBAI, Oct 25 (Reuters) - HSBC group chief executive Noel Quinn said on Monday the bank has helped clients issue $170 billion worth of green bonds this year.

Proceeds from green bonds are typically used on projects to cut greenhouse gas emissions, adapt to climate change, increase energy efficiency or expand the use of renewable energy.

"This year, alone, we have already helped our customers issue $170 billion of green bonds with a broader range of structures and a greater variety of issuers than ever before," Quinn said in a speech at the Middle East Green Initiative summit in Saudi Arabia.

Reporting by Hadeel Al Sayegh; Editing by Susan Fenton

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