Structured Bonds - All Articles

  • Merseylink makes successful start for UK infrastructure guarantee

    Merseylink, the consortium building the Mersey Gateway bridge near Liverpool, became on Friday the first borrower to benefit from the UK government’s Infrastructure UK guarantee on a public, listed bond issue.

    • 31 Mar 2014
  • Green bonds grow with SCA deal, Skanska expected tomorrow

    Two new companies are joining the green bond market. Last week SCA, the Swedish forest products group, launched a Skr1.5bn green bond and tomorrow, Skanska, the Swedish construction company, is expected to bring its first deal.

    • 31 Mar 2014
  • EIB supports Belgian greenfield project bond

    The third bond issue to use the European Investment Bank’s project bond credit enhancement was priced on Monday. It will finance the construction of a stretch of highway connecting the Belgian port of Zeebrugge with the motorway network.

    • 20 Mar 2014
  • UK guarantee for Mersey bridge, HSBC wins Hinkley

    Electricité de France has mandated HSBC as adviser on its project financing for the new Hinkley Point nuclear power station in Somerset, which it plans to finance using the UK government’s infrastructure guarantee.

    • 20 Mar 2014
  • Unilever brings green bonds to sterling, and to industrial sector

    Unilever launched its first green bond this week, and priced the issue 1bp through its own curve, bankers estimated.

    • 20 Mar 2014
  • Gatwick raises £350m bond to pay off last takeover loans

    Gatwick Airport, London’s second airport, launched its fifth bond on Thursday, raising £350m to repay the last of the bank debt at its secured funding vehicle. The deal is part of a wider refinancing.

    • 20 Mar 2014
  • HSBC advises on Hinkley Point, brings Mersey bridge bond

    Electricité de France has mandated HSBC as adviser on its project financing for the new Hinkley Point nuclear power station in Somerset, which it plans to finance using the UK government’s infrastructure guarantee.

    • 19 Mar 2014
  • Unilever prices £250m debut green bond through its curve

    Unilever launched its first green bond today, and priced the £250m issue 1bp through its own curve, bankers estimated. The deal found a strong reception, with £850m of demand, of which about two thirds came from investors managing funds with socially responsible mandates.

    • 19 Mar 2014
  • Perth Airport pulls sterling bond debut, issues in A$ instead

    Australia’s Perth Airport has abandoned its attempt to issue its first sterling bond, after investors demanded more spread for its sub-benchmark size than the company was willing to pay.

    • 18 Mar 2014
  • Belgian greenfield project bond for €578m uses EIB enhancement

    The third bond issue was priced today using the European Investment Bank’s project bond credit enhancement – this time to finance the construction of a stretch of highway near Zeebrugge in Belgium.

    • 17 Mar 2014
  • Don’t pretend green can be standardised

    The launch of the first green bond index is a coup for Solactive and the Climate Bonds Initiative, though neither of them has put an enormous amount of work into it.

    • 13 Mar 2014
  • First green bond index offers definition of market

    Solactive, the German index provider, has launched the first index of green bonds — the fast-growing category of bonds with proceeds earmarked for specifically enviromental uses. The initiative was welcomed by some market participants as a move that could raise the profile of green investment and help fund managers. But it is also the first formal delineation of the green bond market — an issue that could prove controversial, writes Jon Hay.

    • 13 Mar 2014
  • First Green Bond Index offers market definition, Unilever preps deal

    Solactive, the German index provider, has launched the first index of green bonds – the fast-growing category of bonds with proceeds earmarked for specifically enviromental uses.

    • 13 Mar 2014
  • Legal & General bought £210m ex-Opal student hall bond

    Legal & General Investment Management bought the whole of the £210m bond that finances the sale of Opal Group’s eight UK student halls of residence out of administration.

    • 07 Mar 2014
  • Legal & General bought £210m bond for ex-Opal student halls

    Legal and General Investment Management bought the whole of the GBP210m bond that finances the sale of Opal Group’s eight UK student halls of residence out of administration.

    • 06 Mar 2014
  • Opal student buildings transferred with £210m bond

    Eight UK student accommodation buildings owned by the Opal Group, which went into administration in March 2013, have been transferred to new owners with finance through a £210m bond issue.

    • 03 Mar 2014