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Malaysia readies sustainable sukuk
The government of Malaysia is preparing to return to the dollar market for the first time in five years. It is marketing what will be the world's first sustainability sukuk from a sovereign borrower.
19 Apr 2021 -
Finance ministers’ climate group speeds up work as urgency increases
The US, Japan, Malaysia and South Korea have joined the Coalition of Finance Ministers for Climate Action, the collaborative group striving to reshape economic policy-making for the battle against global warming.
14 Apr 2021 -
EIB makes CNH Climate Awareness Bond debut
The European Investment Bank has become the latest SSA issuer to tap the offshore renminbi (CNH) market, pricing its inaugural Climate Awareness Bond in the currency this week.
09 Apr 2021 -
ESG: the filter that lets everything through
Deliveroo and its shareholders raised £1.5bn this week. The IPO was a dog, priced at the bottom of its range and falling 20% on its debut. But it’s hard to feel sympathy for the investors.
31 Mar 2021 -
Philippines sells first zero-coupon Samurai bond
The Republic of the Philippines sold its first zero-coupon bond in the Japanese market this week.
31 Mar 2021 -
Updated: Pakistan rides return of IMF programme to sell bonds
The Islamic Republic of Pakistan marketed its first dollar bond in more than three years this week, following the return of the country’s IMF programme. The triple tranche transaction raised the south Asian country $2.5bn — and proved its resilience in the face of the pandemic. Morgan Davis reports.
31 Mar 2021 -
KNOC bond clashed with banks’ own climate policies, NGO charges
An environmental activist institute has argued that the bookrunners of a Korea National Oil Corp $700m bond priced on Tuesday are being inconsistent with their own climate policies, and might even be taking legal risks, because of the issuer's exposure to tar sands oil production in Canada.
30 Mar 2021 -
Maldives makes bond comeback with $200m sukuk
The Republic of the Maldives priced a $200m sukuk on Monday, marking the country’s first dollar outing in three years.
30 Mar 2021 -
FTSE Russell gears up for China’s WGBI inclusion
FTSE Russell will start adding Chinese government bonds (CGBs) in its flagship FTSE World Government Bond Index (WGBI) later this year, a move that is expected to attract more foreign inflow into the world’s second largest bond market.
30 Mar 2021 -
Huge investor group adopts Net Zero goal
The financial markets’ stance on climate change has taken a stride forward as 43 asset managers with $23tr of assets including some of the biggest such as BlackRock and Vanguard have joined the Net Zero Asset Managers’ Initiative. A critical mass of investors is now committed to reducing carbon emissions in their portfolios to zero, meaning that companies can be in no doubt which way they have to go if they want to maximise their potential investor base.
29 Mar 2021
