By being allowed to hide the details of sustainability targets and incentives, Europe’s investment grade corporations are being given an easy ride when it comes to sustainability-linked loans. They must be more open if the market is to remain credible.
Germany sold a 30 year green bond via syndication on Tuesday, pricing the trade 2bp through its conventional twin bond of the same maturity and coupon.
Seven Chinese issuers bagged Rmb7.3bn ($1.14bn) from their inaugural sustainability-linked bonds (SLBs) in the onshore market, as part of Beijing’s efforts to meet its ambitious carbon goals.
The Hong Kong Monetary Authority’s newly unveiled Green and Sustainable Finance Grant Scheme is big on ambition but falls short on some areas that are growing in importance.
McBride, the UK cleaning and laundry products maker, has signed a €175m-equivalent sustainability-linked revolving credit facility that is tied to a pledge by the company to sharply ramp up its energy from renewable sources.
The IMF and Zambia have reached a "broad agreement" on a reform agenda for Africa’s first sovereign defaulter of the pandemic era. That will serve as a prelude to securing a new credit facility from the Fund and pleased investors, who noted that Zambia's bonds have made gains in recent weeks.
JSW Hydro Energy, a subsidiary of Indian power company JSW Energy, sold its first international bond this week, taking $707m from the green transaction.
Malaysia’s 1MDB is suing Deutsche Bank and JP Morgan as part of an effort to recoup more than MR96.6bn ($23.5bn) in assets that it claims are linked to the state investment fund.
Europe’s corporate bond market continued to pump out deals on Wednesday, despite the equities market licking its wounds after inflation fears brought a sea of red to stock prices.
Diagnostics firm Cerba Healthcare has made the key performance indicators on its sustainability-linked loan more ambitious, after talks with leveraged loan investors on its financing for its buyout by Swedish private equity firm EQT.
The rapid pace of new dollar bond issuance from Chinese property companies continued from Monday into Tuesday as four more borrowers joined the fray.
China Water Affairs Group has made a rare outing in the debt market for a $200m green bond.
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The current of interest in sustainability-linked finance entered a new district of the capital markets this week — private equity funds-of-funds.
By being allowed to hide the details of sustainability targets and incentives, Europe’s investment grade corporations are being given an easy ride when it comes to sustainability-linked loans.
Germany sold a 30 year green bond via syndication on Tuesday, pricing the trade 2bp through its conventional twin bond of the same maturity and coupon.
LimakPort, the Turkish international port, entered the debt market on Tuesday, while Turk Eximbank has successfully secured a dollar syndicated loan facility.
In this round-up, the China Securities Regulatory Commission plans to ask companies to include separate chapters for corporate governance as well as environmental and social responsibilities in their annual financial reports, and three Chinese telecommunications companies will be dropped from the New York Stock Exchange after an unsuccessful appeal.
UBS has revamped its management of sustainability and appointed Michael Baldinger as chief sustainability officer.
Liontrust Asset Management is launching a new listed ESG fund on the London Stock Exchange.
Banks backing the successful Allied Universal bid for UK security company G4S are set to split around $100m in financing fees for backing the deal, with Credit Suisse and Morgan Stanley in line for the lion’s share of the profits, as the $6.3bn eight tranche syndication is priced and the firm is delisted.
A small band of committed investors in Tesco has achieved spectacular success with a shareholder motion on healthy food.
‘Look at the issuer as a whole’ is the mantra of the corporate and supranational green bond markets, and rightly so.
Aquila Capital, the German investment company focused on sustainable investments, is launching a new London-listed fund focused on energy efficiency assets in Europe.
US Solar Fund, a London-listed investment trust that focuses on US solar assets, has completed a popular raise on the London stock exchange with demand for the deal exceeding its size.
Carbios, the French sustainable plastics company, has unveiled plans for a €105m capital raising to finance the next stage of its growth, with the backing of major shareholders.
Philippines-based renewable power producer AC Energy has generated Ps12.4bn ($256.3m) in fresh equity, pricing a sale of new shares at the bottom of the marketed range, according to a source familiar with the matter.
The economic potential of renewable energy is awesome, and should make fossil fuels obsolete by 2050, according to a new study by Carbon Tracker.
Structured transactions that transfer risk from banks’ balance sheets are set to grow in emerging markets as their financial systems become more sophisticated and lenders try to deal with losses caused by the Covid-19 pandemic.
Taylor Maritime Investments, a new London investment trust, has launched an IPO on the London Stock Exchange with the aim of offering investors a chance to invest in the recovery of the global shipping industry after the Covid-19 pandemic.
By being allowed to hide the details of sustainability targets and incentives, Europe’s investment grade corporations are being given an easy ride when it comes to sustainability-linked loans.
The Hong Kong Monetary Authority’s newly unveiled Green and Sustainable Finance Grant Scheme is big on ambition but falls short on some areas that are growing in importance.
Green covered bonds no longer have to be reinvented in the face of rising sustainability-linked issuance because banks are now safe in the knowledge that they comply with the EU’s Taxonomy of Sustainable Activities.
The Financial Conduct Authority’s plan to look at helping US-style special purpose acquisition companies list in London smacks of short-termism.
I was talking to a few loans bankers this week and was surprised when they revealed privately that they had very little interest in social loans.
A small band of committed investors in Tesco has achieved spectacular success with a shareholder motion on healthy food.
Malaysia’s 1MDB is suing Deutsche Bank and JP Morgan as part of an effort to recoup more than MR96.6bn ($23.5bn) in assets that it claims are linked to the state investment fund.
In this round-up, the China Securities Regulatory Commission plans to ask companies to include separate chapters for corporate governance as well as environmental and social responsibilities in their annual financial reports, and three Chinese telecommunications companies will be dropped from the New York Stock Exchange after an unsuccessful appeal.
UBS has revamped its management of sustainability and appointed Michael Baldinger as chief sustainability officer.
In this round-up, China’s trade surplus jumps in the first four months of the year, regulators unveil details for implementing the cross-border Wealth Management Connect pilot scheme between the Mainland, Hong Kong and Macau, and Beijing decides to suspend all activity under the China-Australia Strategic Economic Dialogue.
Credit Suisse Group targeted the dollar market this week for its first public bond offering since the collapse of US hedge fund Archegos.
Malaysia’s 1MDB is suing Deutsche Bank and JP Morgan as part of an effort to recoup more than MR96.6bn ($23.5bn) in assets that it claims are linked to the state investment fund.
In this round-up, China’s trade surplus jumps in the first four months of the year, regulators unveil details for implementing the cross-border Wealth Management Connect pilot scheme between the Mainland, Hong Kong and Macau, and Beijing decides to suspend all activity under the China-Australia Strategic Economic Dialogue.
The Financial Conduct Authority’s plan to look at helping US-style special purpose acquisition companies list in London smacks of short-termism.
IAG, the parent of British Airways and Iberia, has become the latest airline company to tap the convertible bond market for financing during the pandemic, as it continues to burn vast amounts of cash amid a slow recovery in global travel.
The IMF and Zambia have reached a "broad agreement" on a reform agenda for Africa’s first sovereign defaulter of the pandemic era.
Cathay Pacific Airways has sold its first dollar bond in more than 20 years, battling suppressed business over the last two years to raise $650m from the long-overdue deal.
Hong Kong's embattled Cathay Pacific Airways is gauging the market’s response for a new dollar bond, its first international outing in more than two decades.
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