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GC Asia
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Where there’s a will there’s an SLB
Banks shouldn’t let conceptual considerations stand in the way of them issuing sustainability-linked bonds.
08 Apr 2021 -
SDRs: better late than never
The announcement this week that the IMF is on its way to issuing a further $650bn of special drawing rights, providing central banks with extra foreign currency liquidity, should not be criticised for being too little, too late. It marks a much needed return to multilateralism, something that the developing world will benefit from.
08 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 -
Alternative credit is here for the yield
Institutional private credit is emerging as a competitive substitute for bank lending in Europe, but companies need to remember that alternative lenders define what they are looking for more narrowly than banks.
31 Mar 2021 -
Brexit and Brexit bonds: an unfortunate symmetry
The Single Resolution Board made a messy situation messier with its handling of the Brexit bond debacle.
25 Mar 2021 -
Green SLBs: game changer
Austrian utility company Verbund this week did something no European issuer has ever done when it sold a single bond that had its use of proceeds tied to green and sustainability-linked metrics. This is an excellent development for the ESG market, and finally covers glaring weak spots in the effectiveness of green bonds.
25 Mar 2021 -
Will regulators rebuff the buffer review?
Banks shouldn’t get their hopes up for radical changes to the capital buffer system.
18 Mar 2021 -
Tackling inflated orders is everyone’s duty
Inflated order books are only becoming more prevalent thanks to the European Central Bank’s increased firepower. The way to properly deal with this issue is through a collective effort from every corner of the capital markets.
18 Mar 2021 -
Sustainable finance gets real
Hundreds of things happened this week in sustainable finance. That’s normal now — it’s become a fizzing, global market which is ever-present. Anyone who predicted, say, four years ago that sustainable finance would take over the whole capital market probably feels the outcome has exceeded their expectations.
11 Mar 2021 -
Good things come to those who wait
There are more risks than rewards for banks in the primary market right now.
11 Mar 2021
