Not all SRI bonds equal in tricky markets

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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.

By Craig McGlashan
20 Sep 2018

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.

The initial price ...

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