Queensland Treasury Corporation is sounding the market ahead of issuing its first government green bond. The state's Treasurer and Minister for Trade and Investment, Curtis Pitt, said the QTC planned to issue certified and independently verified green bonds to domestic and international investors for use on projects funded entirely or in part by the Queensland Government.  He said the timing of the first QTC Green Bond would depend on market conditions and QTC had indicated it would soon brief key institutional investors.  Pre-issuance certification was provided by the Board of the London-based Climate Bonds Initiative, an international certification agency that oversaw the Climate Bonds Standard. Philip Noble, QTC chief executive, said the funds raised by green bond could be allocated to existing, new or ongoing eligible projects that had environmental benefits for Queensland.  Eligible projects include: renewable energy; energy efficiency processes and products; low-carbon transport — electrified rail infrastructure and cycleways; drought resilience and flood defence; water and wastewater treatment plants and distribution infrastructure; preservation of the Great Barrier Reef and other natural ecosystems; and low-carbon buildingNoble said more information on the details of the QTC green bond would be made available following an announcement to the market, as this enabled fair and transparent dealings with investors. This move follows on from Treasury Corporation of Victoria, which issued the country's first certified green bond in July 2016, raising A$300 million for projects with environmental benefits, and from Monash University's move in becoming the first tertiary education institution in the world to issue a climate bond via its A$218 million (USD163m) deal in December 2016. Sean Kidney, CEO of the Climate Bonds Initiative, said there are two other green bonds that have been certified by his organisation but have not been launched. This means Australian domestic fixed interest investors can expect to see another two deals in the next month.