Not all SRI bonds equal in tricky markets
Signs emerged in the SSA market this week that not all SRI bonds are equally worthwhile as far as investors are concerned, particularly when market conditions are not ideal. A series of bonds with a green label went through with little difficulty but a pair of social bonds were undersubscribed. Craig McGlashan reports.
What should have been a simple refinancing of the Inter-American Development Bank's inaugural Education, Youth and Employment bond on Wednesday left the leads holding at least some bonds, with not one book update for the no-grow $500m four year global making its way to screens.
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