Search results for

Kuwait’s Zain Group has signed a $700m five year revolving credit facility, with all lenders scaled back by the telecoms company following an oversubscription.

Demand for a new Credit Agricole €500m public sector seven year covered bond this week was weak, but bankers are confident that sentiment is set to remain broadly constructive.

The US Senate Committee on Agriculture, Nutrition and Forestry has confirmed the nominations of Dawn DeBerry Stump and Dan Michael Berkovitz to serve as commissioners at the Commodity Futures Trading Commission (CFTC).

Banco de Sabadell appeared to struggle to get much traction in the euro market on Wednesday, when it offered the first unsecured bond from a Spanish bank in more than three months.

Potential IPO issuers from across emerging markets are waiting for investor sentiment to calm so that they can sell new deals, but many fear that there is little chance of a renaissance for EM this year.

mBank, a Polish financial institution, has hit the market with what will be the first euro benchmark from a CEEMEA borrower in over a month, taking what some investors believe is a cautious approach to reopening the market.

Environmental, social and governance investors have done a fine job of making their approach accepted and now mainstream in a money-driven industry. Along the way, they started saying it was all pragmatic, not about principles. That was a fiction, and under the pressure of climate change, it is being replaced with a more rounded philosophy. Jon Hay reports.

Many bond investors now say they engage with borrowers on ESG issues. Companies are noticing, and a virtuous circle is beginning to turn. But much of the conversation is still very gentle and diffuse, and not concentrated at the point of capital raising. As Jon Hay reports, more ambitious engagements to change whole industries lie in the future.

BNP Paribas is marketing two tranches of non-preferred senior debt in Euroyen format, in what has been an impressive year for the market's supply of debt from foreign banks.

The UN’s Sustainable Development Goals (SDGs) were not specifically designed for finance, something that perhaps helps to explain their popularity among responsible investors, institutions and borrowers. But this does not mean that factoring them into investing decisions is easy, reports Jasper Cox.

Asia’s green bond investor base is bigger than many bankers think. However, it is still not big enough. Matthew Thomas reports.

Public sector borrowers were the pioneers of the green and socially responsible themed bond market. Now that the sector is burgeoning, they are still leading the way. From sovereign issuers bringing green bonds of hitherto unseen size, to supranationals structuring catastrophe bonds to protect poor countries, the supranational, sovereign and agency market has had a busy 12 months. Borrowers have also brought a range of new social and sustainability bonds to market. Others are searching for more assets to add to their SRI funding mix, as well as branching out into new currencies for the first time and exploring the possible issuance of tailor-made, privately placed notes and when they are not bringing deals to market, issuers are driving forward new advances in impact reporting. Meanwhile, the question of where SRI bonds should price relative to conventional curves remains a central question for the future of the sector. GlobalCapital brought together several funding officials at the biggest SRI issuers in the public sector to discuss these issues with investment banks and socially responsible investors.