Latest stories on Socially Responsible Investments

• Netherlands to sell debut green bond in May

  

  The Netherlands has targeted a window in May for its debut green bond, which will be sold through a Dutch Direct Auction.

  • 22 Mar 2019

• Cocobod plants ESG loans in EM, but not all taste the sweetness

  

  Ghana Cocoa Board has signed its first sustainability-linked loan facility, kick-starting this year’s environmental, social and governance financing in emerging markets. The deal emerges as a trio of global trade bodies have launched a set of standards to codify this fast-growing market segment, which some financiers are still trying to come to terms with. Mariam Meskin and Mike Turner report.

  • 20 Mar 2019

• Ico set for green bond debut

  

  Instituto de Crédito Oficial (Ico), an already well established issuer in the social bond market, will meet investors to market its debut green bond.

  • 21 Mar 2019

• EU finally agrees on new Juncker financing splurge

  

  The European Parliament and member states reached a provisional agreement on Wednesday afternoon on InvestEU, a new vehicle looking likely to trigger at least €650bn of investment from 2021 to 2027.

  • 21 Mar 2019

• IMF loan conditions detrimental to local policies in poor countries, says report

  

  Do conditions imposed by the International Monetary Fund when it lends money to countries under its bailout programmes end up weakening states? Experts are divided, as Phil Thornton reports.

  • 21 Mar 2019

• Senvion hires restructurer who haircut Scholz bonds

  

  Stricken wind turbine manufacturer Senvion has hired Neil Robson as chief restructuring officer, marking a move ahead in the Centerbridge-owned firm’s rescue attempt.

  • 21 Mar 2019

• US Solar Fund delays $250m London flotation

  

  US Solar Fund, the new investment trust focused on US solar power assets, has extended the bookbuilding period for its $250m IPO on the London Stock Exchange, citing political and economic uncertainty caused by the Brexit process in the UK.

  • 18 Mar 2019

• Kommuninvest has 'no plans' to extend krona green curve beyond five years

  

  Kommuninvest built out its Swedish krona green curve benchmark this week with its longest dated bond in the format. There is, however, an expectation that this Skr3.5bn ($382.3m) five year green bond could be the curve’s furthest extent.

  • 21 Mar 2019

• Investors race to cover 'quality' Medacta IPO

  

  Medacta, a manufacturer of orthopaedic devices, was covered within hours of setting the terms on its Swiss IPO, valuing the company at up to Sfr2.08bn.

  • 22 Mar 2019

• China Education makes convertible debut

  

  China Education Group Holdings tapped the equity-linked market on Thursday, raising HK$2.35bn ($300m) from its first convertible bond.

  • 22 Mar 2019

• Canara Bank, BRI herald non-China supply pick-up

  

  India’s Canara Bank and Bank Rakyat Indonesia this week gave investors a chance to diversify away from Greater China supply, pricing their respective five year dollar bonds.

  • 22 Mar 2019

• Koolearn Tech scoops up $214m in HK listing

  

  Chinese online educator Koolearn Technology Holdings has wrapped up its Hong Kong IPO to the tune of HK$1.68bn ($213.9m), after pricing at the mid-point of the marketing range, according to a source close to the deal.

  • 22 Mar 2019

• CDP EUR750m 2.125% Mar 26 social bond

  • 21 Mar 2019

• World Bank shareholders to grill Malpass on Monday

  

  US President Donald Trump’s nominee for head of the World Bank, David Malpass, will be examined by the bank’s executive directors on Monday, GlobalCapital can reveal. By Phil Thornton.

  • 21 Mar 2019

• Sonnedix feels warm rays from loans

  

  Solar energy generator Sonnedix has signed a €250m bank facility, as it looks to snap up new projects in OECD countries.

  • 18 Mar 2019

• Frasers raises second green loan in six months

  

  Singapore’s Frasers Property has closed a S$785m ($581m) green loan, the second green borrowing in six months.

  • 21 Mar 2019

• Rabo hires for coverage of food, drink and farming

  

  Rabobank has appointed Thomas Levin as a senior coverage banker, joining from Mizuho.

  • 19 Mar 2019

• Stadler Rail on track to list in Switzerland

  

  Stadler Rail, the Swiss train maker, is gearing up for an IPO on the SIX Swiss Exchange in April, having filed an intention to float document on Tuesday.

  • 19 Mar 2019

• Uralkali to raise $1bn refi but Russian mart riddled by obstacles

  

  Uralkali, a Russian potash fertiliser producer, has sent out a request for proposals to lenders in a bid to raise $1bn. But bankers say that the Russian market is beset with difficulties that are delaying the few transactions in the pipeline.

  • 19 Mar 2019

• Xinyi Energy refiles after cancelled $573m Hong Kong IPO

  

  Solar farm operator Xinyi Energy has refiled for Hong Kong listing approval after cancelling a HK$4.5bn ($573.2m) IPO at the end of 2018.

  • 19 Mar 2019

• How to become the king of green

  

  Asia is gunning to be the world leader of green bond issuance but the market needs a spark to ignite new issuance. Sovereign green bonds will be the key to the continent’s growth in this sector.

  • 19 Mar 2019

• BMO Global AM strengthens responsible investment line-up

  

  BMO Global Asset Management has hired new staff for its responsible investment team, as it focuses on client demand in Europe.

  • 18 Mar 2019

• BBVA honorary chair steps back amid spying scandal

  

  Francisco González has temporarily resigned from the BBVA board until an investigation into spying is completed.

  • 18 Mar 2019

• Xinjiang Goldwind plans HK$1bn rights issue

  

  Xinjiang Goldwind Science & Technology Co is looking to raise HK$1.01bn ($129m) from an H share rights issue.

  • 18 Mar 2019