SRI / Green Bonds

Covid-19
EC vows €100bn for jobless, but still no coronabonds

SSA

EC vows €100bn for jobless, but still no coronabonds

Those pleading for a shared EU-level fiscal response to the economic damage of the coronavirus outbreak were thrown a bone on Thursday when Ursula von der Leyen, president of the European Commission, promised a €100bn unemployment fund backed by €25bn from EU member states.

green and social bonds and loans

  • European supras use bonds to fight Covid-19 crisis

    European supras use bonds to fight Covid-19 crisis

    Three European supranationals sold bonds this week with a specific focus on supporting its member countries from the coronavirus outbreak as public sector borrowers maintain their vital role in providing emergency financing to tackle the crisis.

  • Gaggle of SSAs favour themed bonds

    Gaggle of SSAs favour themed bonds

    Thursday’s market was heaving with SSAs printing euro deals, many of them opting for themed deals, some of which are specifically addressing the coronavirus outbreak, with bankers suggesting that these are enjoying the hottest demand.

  • NIB eyes second blue bond in 2020

    NIB eyes second blue bond in 2020

    The Nordic Investment Bank is planning to issue another blue bond at some point in 2020, following its debut in the format last year.

  • EIB prints Swedish kronor SAB to combat Covid-19

    EIB prints Swedish kronor SAB to combat Covid-19

    The European Investment Bank joined the ranks of supranationals issuing debt to support the fight against Covid-19 this week, using its recently updated sustainability awareness bond (SAB) framework to raise Skr3bn ($299m) to finance its response to the coronavirus pandemic.

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Responsible investing

  • India’s Adani returns to the PP market for more

    India’s Adani returns to the PP market for more

    Adani Transmission has raised a further $90m US private placement, according to market sources, after it became earlier this year the first Indian company to raise debt in the market since 2007.

  • Imperial Tobacco signs new RCF, no plans for drawdown

    Imperial Tobacco signs new RCF, no plans for drawdown

    The UK's Imperial Brands, formerly Imperial Tobacco, has signed a new €3.5bn three year multi-currency revolving credit facility, slightly increasing its main bank line, despite not having plans to draw down.

  • CMBS has big exposure to airline, oil and gas industries

    CMBS has big exposure to airline, oil and gas industries

    The US CMBS market, with its heavy dependence on corporate tenants to keep the cash flows to bond holders coming, is being buffeted by the turmoil stemming from the crisis in recent weeks, with the market exposed across dozens of deals to two particularly ailing sectors — airlines and oil and gas firms.

  • Sasol reveals plan to raise $2bn of capital

    Sasol reveals plan to raise $2bn of capital

    Sasol, the South African chemicals company, has unveiled a $6bn package of measures designed to shore up its business, which has been damaged by the spread of the Covid-19 virus and the collapse in oil prices.

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The Sustainable Economy

  • Credit Suisse launches ESG advisory group

    Credit Suisse launches ESG advisory group

    Credit Suisse has launched an environmental, social and governance (ESG) advisory group in its investment banking and capital markets division, becoming the latest firm to launch a dedicated green corporate finance coverage effort.

  • Red Eléctrica hires for phone-only roadshow

    Red Eléctrica hires for phone-only roadshow

    Spain’s Red Eléctrica Corporación has hired banks to run a series of fixed income investor calls for a debut five year senior unsecured deal, in the first European corporate roadshow since stringent social distancing measures were implemented across the continent.

  • Remote ECM bankers cannot switch off

    Remote ECM bankers cannot switch off

    Equity capital markets are adjusting to life in quarantine, with most bankers saying they are well set up to work remotely during Covid-19 lockdowns.

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