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Corporate Bonds

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◆ The prospects for sterling bond issuance amid UK political upheaval ◆ A new issuer and a new securitization from the SSA sector ◆ Ontario's plans for a resilience bond
Energie 360, Luzerner Kantonsspital and Aargauische Kantonalbank print green paper
Energy companies took advantage of record tight spreads as they joined a ‘perfect storm’ of dollar funding

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  • Eight Chinese issuers are readying the first batch of sustainability-linked bonds (SLBs) in the onshore market, set to be priced later this week after the Labour Day holiday.
  • Indonesian textile manufacturer Sri Rejeki Isman (Sritex) has seen its dollar bonds fall to new lows in the secondary market, as investors grapple with the company's missed debt payment.
  • Two Chinese government-linked companies raised a combined $600m in the offshore market on Thursday, ahead of the long weekend in China.
  • SRI
    The economic potential of renewable energy is awesome, and should make fossil fuels obsolete by 2050, according to a new study by Carbon Tracker. But despite the compelling cost arguments for renewables, an enormous political effort will still be needed to accelerate their adoption if disastrous climate change is to be avoided.
  • US corporate bond issuance slowed to a trickle this week, due to earnings blackouts, leaving the market with $52bn of deals to show for April, a far cry from last year's $234bn at the height of coronavirus safety fundraising.
  • SRI
    “What gets measured gets managed,” goes an old saw popular in sustainable finance circles. If companies, investors and banks, the argument says, collect better environmental and social data, this knowledge will naturally breed improvements in performance.