Daiwa Securities
-
Nederlandse Waterschapsbank has mandated four banks for a 10 year green benchmark in dollars, following BNG's 10 year dollar deal on March 10. -
Daiwa Capital Markets has placed two London-based executive directors at risk, GlobalCapital understands.
-
Latin American development bank Corporación Andina de Fomento will look to private markets to sell further SRI bonds this year, its CFO told GlobalCapital, after the issuer raised over $100m equivalent of debt via a so-called “water bond”.
-
Latin American development bank CAF (Corporación Andina de Fomento) sold its first ever bond marketed as an SRI deal on Tuesday with a “Water Bond” issued in Uridashi format and denominated in Turkish Lira and South African Rand.
-
Deutsche Bank on Thursday priced its latest Samurai deal well wide of its last effort as investors continued to digest its restructuring, while wild swings in the basis swap between yen and dollars buffet other potential issuers in the format.
-
-
DCM bankers hope that Mexican lender Nafin’s planned green bond could be the first of many from the country, and that other development banks in Latin America will follow Mexico’s model.
-
Export Development Canada printed the third three year dollar deal in as many days on Thursday, suggesting that investor demand for short dated dollar debt is by no means sated.
-
Government-owned development bank Nacional Financiera (Nafin) is plotting what would be the first ever green bond from Mexico and — unlike the previous two such bonds from LatAm — will be ringfencing the proceeds.
-
The socially responsible investor base is growing nicely, as is its diversity in terms of geography and types. But growth could be about to hit warp speed as governments and regulators wake up to the sector. Craig McGlashan reports.
-
With only $25bn of green bonds issued so far, volumes of SRI instruments in 2015 are a little disappointing. Predictions at the beginning of the year that $100bn of green bonds would be issued in 2015 are likely to be wide of the mark, with many now saying the end of year total could struggle to match 2014’s $37bn. But few in this developing market are downhearted, preferring to see 2015 as a year of consolidation and necessary adjustment as the product reacts to poor general market conditions and begins to mature. In fact, despite the low volumes, progress is being made. The issuer base is beginning to expand beyond the confines of the public sector, as more banks join the list of issuers. Emerging market companies are also turning to the market, such as Brazil’s BRF with a €500m deal in June. Meanwhile, the investor base is growing in a healthy fashion, with Barclays and Deutsche pledging to invest £1bn and €1bn respectively in green bonds. As for 2016, expectations are that volumes will bounce back, with companies and municipalities leading the charge, along with more banks and emerging market issuers from Latin America. These topics and many more were discussed at GlobalCapital’s SRI roundtable in New York in mid-September.
-
The year 2015 has seen important progress in the field of green bond investment in Asia, with the emergence of two big new markets — China and India. For its Tokyo roundtable, GlobalCapital invited a panel of issuers, investors, analysts and bankers to discuss the trends in the sector and the potential for development as new markets open up for the asset class across the region.
