Latest stories on Socially Responsible Investments
The Autonomous Community of Madrid has announced that it will sell its first ever sustainability bond, joining the flock of borrowers landing in the socially responsible investment (SRI) market as the first quarter of 2017 draws to a close.
Instituto de Crédito Oficial looks set to print its third social bond later this year, which could break with its previous two offerings and come in the dollar market.
Asian Development Bank will issue its first green bonds in the Uridashi market in May, with Daiwa Securities as dealer.
National Bank of Abu Dhabi (NBAD) priced the Gulf’s first ever green bond 7bp inside initial price thoughts on Monday.
National Bank of Abu Dhabi (NBAD) has emerged with pricing for the Gulf’s first green bond, more than six months after meeting investors to market the note.
The Monetary Authority of Singapore is giving a leg up to the green bond market, with plans to introduce a grant scheme this year to incentivise socially responsible issuers.
Turkiye Sinai Kalkinma Bankasi (TSKB) brought new flavour to the SRI bond market this week with the first ever sustainable subordinated tier two, but the deal fell short of being a major milestone as many investors who follow green bonds are not able to buy such paper. Virginia Furness reports.
Only one SSA issuer took advantage of strong conditions in the dollar market this week. Bankers said that there could be more supply next week, though most issuers are so well-funded that deals are likely to remain thin on the ground.
Japanese investors on the hunt for European SSA credit drove a flurry of long dated Australian dollar deals on Wednesday.
The International Finance Corporation could use the Kangaroo market to expand its burgeoning green bond programme.
The People’s Bank of China and the European Investment Bank (EIB) have launched an initiative to develop a framework to support green finance and will publish their findings in a white paper later this year.
Turkey’s Turkiye Sinai Kalkinma Bankasi (TSKB) printed the first ever Basel III compliant sustainable tier two on Tuesday.
With public sector borrowers having reached advanced stages in their annual funding programmes as the first quarter comes to a close, focus is shifting to socially responsible bonds.
The socially responsible bond pipeline ballooned on Tuesday, with a European supranational announcing a roadshow for a debut issue, a French agency mandating for a deal and a Washington supranational pricing a social bond in benchmark size for the first time.
Bankers expect this week to be similar in volume to last week in the corporate market, with Teleperformance, rated BBB- by S&P, and Tennet, rated A3/A-, due to begin roadshows.
A pair of public sector borrowers are set to bring socially responsible bonds this week, with one aiming at the dollar short end and the other at the long end of the euro curve.
SNCF Réseau is set to bring its second green bond after mandating banks for a Reg S euro benchmark deal on Friday.
Dutch national energy company Tennet is preparing to sell the first ever green hybrid capital bond in a deal that bankers unanimously said will fly, but the mandate has sparked calls that the vanilla green market should become larger before the green product base becomes more varied, writes Michael Turner.
NEW: SRI special reportOctober 2015
Articles in this report...
- Bending the curve: can the Paris summit slow climate change?
- Fixed income: is responsible investing becoming the norm?
- Local governments take steps into green universe
- Will someone tell me what’s really green?
- Reporting — the new must-have accessory for SRI bonds
- Green bonds and growing pains
- Social bonds busy making more friends
- Corporate and FIG issuers take the green bond baton
- Asia’s green bond market ready to pop as China, India sign up
- Hopes high for future of Asian SRI
- Latin America finding its own way to rise to the SRI challenge
- Bond volumes off target but optimism shines through
- Green indices reach new heights and take market with them
- The changing investor base’s diversity of needs
- Banks and CSR: Put your money where your mouth is
- SRI sectors in focus: Evolution of green bonds
- SRI sectors in focus: Energy Efficiency
- SRI sectors in focus: Forestry
- SRI sectors in focus: Housing and buildings
- SRI sectors in focus: Renewable energy
- SRI sectors in focus: Transportation
- SRI sectors in focus: Water Governance
- SRI sectors in focus: Water Purification
SRI 2014 report
Articles in this report...
- The last chance saloon
- What is a green bond? And who should decide?
- Bond investors get serious on ESG — and issuers respond
- Green bonds hit the big time
- SSAs take pioneering spirit to new frontiers
- Public sector borrowers define the environment — and beyond
- Bold munis make long green strides, but most are far behind
- SRI bonds — forerunners of the new green generation
- Economic powerhouse could one day lead in ethical issuance
- Projects and pricing: issuers and investors debate the future of Asian SRI
- Corporates take up the green bond baton
- Companies, banks highlight hidden value, prepare green bonds for climate mission
- Have we reached the tipping point?
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