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There is no crock of equity gold at the end of the rainbow
Partner has joined Clifford Chance from the newly merged rival magic circle law firm
MAG’s tightly priced bond adds credence to claims that Thames Water’s woes are isolated
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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.
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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.
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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.
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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.
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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.
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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.