Europe
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Icelandic state owned energy company Landsvirkjun has sold $150m of US private placements under its green finance framework.
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China Yangtze Power has raised $1.8bn from a smaller-than-expected offer of Global Depositary Receipts in London, sealing only the third listing through the London-Shanghai Stock Connect scheme. -
A €100m fund launched this week aims to leverage as much as €4bn from private investors and other sources to close a financing gap cities face in implementing infrastructure projects to tackle climate change.
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The European Central Bank's decision to embrace sustainability-linked bonds (SLBs) as collateral and for its asset purchase programme is a sign of what is to come.
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The coronavirus pandemic has sparked an unprecedented wave of sovereign borrowing. Much of the paper has, unsurprisingly, ended up on the balance sheets of domestic banks. This has, equally unsurprisingly, prompted a fresh round of worry about the strengthening of the sovereign-bank nexus.
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Turbulent conditions forced several banks to delay bond issuance plans this week, and one even pulled a transaction after launch. Deal flow is likely to pick up again soon, but the cost of funding is certain to be higher, writes Tyler Davies.
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Goldman gives new positions to Marsh, Verri and Sorrell — Bain picks ESG boss — Falth turns up at Mizuho
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Equity capital markets investors are likely to face a stream of companies asking them for fresh capital to get them through the second wave of the Covid-19 pandemic, as cases spike again in continental Europe and the UK, writes Sam Kerr. Some will be asking for the second time — or very late.
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The string of Russian deals in European equity capital markets recently has continued with a $600m sale of new shares and convertible bonds by Mail.ru Group, one of the country’s largest internet companies.
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The new jobs support scheme unveiled on Thursday by Rishi Sunak, the UK chancellor of the exchequer, will add a minimal cost to the Treasury’s finances and be much cheaper than the coronavirus furlough package, according to analysts. All eyes now are on how the coronavirus pandemic plays out in the coming months, which could bring a much bigger cost.
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Africa Finance Corp, the pan-African development finance institution, printed its first green bond on Monday.
