Latest stories on Socially Responsible Investments

  • Unibail goes beyond green bonds with €650m loan, hopes to do more

    Unibail-Rodamco has signed today its green loan, one of the first syndicated facilities to offer the borrower a pricing benefit if it hits sustainability targets. The loan was increased twice in syndication after being oversubscribed, from €500m to €600m and then to €650m.

    • 21 Apr 2017
  • IFC, Amundi to launch world's largest EM green bond fund

    IFC and Amundi will launch the largest green bond fund dedicated to emerging markets, in a bid to encourage more financial institutions to use the product.

    • 21 Apr 2017
  • Green loans sprout as Philips joins Unibail

    Hard on the heels of Unibail-Rodamco’s ground-breaking green loan, believed to be the first large corporate financing to give the borrower a pricing benefit if it hits sustainability targets, Koninklijke Philips, the Dutch health technology group, has signed a similar €1bn loan linked to its sustainability rating, writes Jon Hay.

    • 20 Apr 2017
  • Anti-PACE bills could inflict serious wounds - panel

    Property Assessed Clean Energy (PACE) industry experts warned that anti-PACE bills introduced by congressional lawmakers this month could "inflict serious wounds" on a multi-billion dollar industry if passed in their current form.

    • 19 Apr 2017
  • Banks at risk from drought, reveals groundbreaking research

    A glimpse of the future has arrived with the publication of a report modelling the credit risk banks face from drought. The effect on loan portfolios could be severe — and the research illustrates the new kinds of risk management banks will have to do as the world’s climate becomes more volatile.

    • 13 Apr 2017
  • AfDB mulls green bond Uridashi

    The African Development Bank could join the Asian Development Bank in printing green bonds in the Uridashi market, while the World Bank is looking at SRI opportunities in Singapore.

    • 12 Apr 2017
  • Singapore's green bond opportunity

    Singapore’s green bond market officially opened last week, with CDL Properties pricing a S$100m ($71.3m) two year, raising hopes that more issuers from the country will follow suit. But Singapore needs to encourage them.

    • 10 Apr 2017
  • Congress takes aim at PACE finance

    Congressional lawmakers last week proposed legislation targeting the Property Assessed Clean Energy (PACE) program for homeowners, a measure they say is aimed at protecting consumers from predatory lending.

    • 07 Apr 2017
  • Singapore green bond market open for business

    CDL Properties has made a splash in the Singapore dollar debt market, selling the country’s first green bond, a S$100m ($71.3m) two year deal.

    • 07 Apr 2017
  • CEB EUR500m 0.125% Apr 24 social inclusion bond

    • 06 Apr 2017
  • Madrid EUR700m 0.747% Apr 22 sustainability bond

    • 06 Apr 2017
  • New names flourish as SRI market rapidly diversifies

    The palette of socially responsible investment bonds is expanding. Two borrowers made SRI debuts this week with a social inclusion bond and a sustainability bond, while a third has announced its intention to follow suit.

    • 06 Apr 2017
  • Ygrene, Renovate deals heat up PACE pipeline

    The Property Assessed Clean Energy (PACE) ABS pipeline, which saw a flurry of activity towards the end of last year but has been quiet so far in 2017, has come alive, with Renovate America and Ygrene Energy marketing new deals.

    • 06 Apr 2017
  • KommuneKredit picks banks for green debut

    KommuneKredit is set to hit the road for its debut green bond, after mandating banks on Thursday.

    • 06 Apr 2017
  • Unibail and Lloyds claim first loan with green pricing benefit

    Lloyds Bank has arranged for Unibail-Rodamco, the French-Dutch property company, what it believes is the first syndicated loan that gives the borrower cheaper funding if it hits environmental targets.

    • 06 Apr 2017
  • CDL Properties launches first Singapore green bond

    CDL Properties has thrown open the doors for the Singapore green bond market, launching its deal on Thursday, just two weeks after the country announced a grant scheme for socially responsible issuers.

    • 06 Apr 2017
  • Residential PACE lender hires former GSE bigwig

    Paige Wisdom, the former chief enterprise risk officer at Freddie Mac, has joined residential Property Assessed Clean Energy (PACE) lender Renovate America as chief financial officer.

    • 04 Apr 2017
  • Madrid and CEB land in blooming SRI market

    A pair of European borrowers debuted socially responsible investment bonds on Monday, raising a combined €1.2bn, with one able to tighten its price by several basis points.

    • 03 Apr 2017
  • Eurofima makes SRI debut, green bond could follow

    Eurofima sold its first socially responsible investment (SRI) note on March 30, raising $100m with a 10 year MTN. Michele Montefiori, head of capital markets at Eurofima, is keen to follow up with a green bond.

    • 03 Apr 2017
  • Corporate hybrids back on menu as investors feast

    Telia and Tennet broke 2017’s euro corporate hybrid fast by bringing trades within a day of each other. Bankers said investors will have the chance to gorge themselves as plenty more issuers are lining up after the success of this week’s deals.

    • 30 Mar 2017

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Global Green Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 12 Apr 2017
1 Credit Agricole CIB 2,467.37 13 9.09%
2 BNP Paribas 2,172.42 9 8.01%
3 Natixis 2,009.73 7 7.41%
4 Barclays 1,890.11 6 6.97%
5 Citi 1,780.57 11 6.56%