Cicero, SEB to broaden exclusive relationship

By Jon Hay
08 May 2014

Cicero, the Oslo-based climate research institute, is to end its exclusive relationship with SEB in the green bond market. Talks are under way that would enable other banks — probably starting with one or a few — to start using Cicero’s services as an adviser. SEB hopes this will involve creating a wider certification platform for green bonds.

SEB is in talks with banks including HSBC about these issues, though nothing has been agreed yet. Cicero is likely to go non-exclusive in the second quarter of this year.

The change comes as investment banks are competing fiercely in the fast-growing green bond market. At least six ...

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