There are growing calls to build all-encompassing regulatory structures around environmental, social and governance ratings and disclosures. This is the wrong course of action and will undermine efforts to achieve the overarching goal, which is fighting climate change.
Hong Kong’s Securities and Futures Commission has hit UBS and its securities unit with a combined HK$11.55m ($1.5m) in fines for regulatory breaches.
US-listed hybrid electric vehicle maker Li Auto has hit the road for its Hong Kong secondary listing. The deal could raise around HK$13.1bn ($1.68bn) based on the last close of its US stock.
China’s securities regulator is pushing for closer co-operation with the US Securities and Exchange Commission to support overseas listings.
Eurizon, the asset management business owned by Intesa Sanpaolo, has hired Federica Calvetti from Deutsche Bank to lead its ESG and strategic activism team in Milan.
The UK’s Municipal Bonds Agency is not going anywhere. Despite a late 2020 curve ball in the form of a 100bp cut to the UK’s Public Works Loan Board lending rate, which undermined the MBA's ability to raise competitive bond market funding on behalf of local councils, the agency has a pipeline of deals coming together, some of which will carry ESG labels for the first time.
As sustainability-linked bond issuance gains momentum in emerging markets, questions are being asked about the product and its potential for innovation. The next iteration could see a feature already accepted in the loan market but not yet in bonds: a margin step-down.
Royal Dutch Shell and London asset manager Tramontana have created a carbon credit securitization product, forming a new asset class aimed at optimising the offsetting of carbon dioxide emissions. Tom Brown reports.
Investment banks are broadening the search for talent and tweaking their recruitment message to attract and retain the bankers of the future, as working conditions and corporate culture emerge as hot topics after a difficult period for staff in the industry.
Sustainable bond volumes are tipped to top $850bn this year after a record first half, despite the pricing benefit versus conventional debt all but evaporating in recent months.
The Loan Market Association (LMA) and the European Leveraged Finance Association (ELFA) jointly released a best practice guide for sustainability-linked loans on Wednesday. The guidance is aimed specifically at the leveraged loan market and stresses the importance of agreeing on clearly defined key performance indicators ahead of announcing a SLL.
The Berkeley Group, one of the UK’s biggest home builders, found the pulse of the sterling bond market on Wednesday, two weeks after some bankers had declared the market dead until the autumn.
Power company Genneia has become the latest Argentine company to look to refinance bonds with an exchange considered distressed by rating agencies, as capital controls in the country limit corporate issuers’ access to hard currency.
There are growing calls to build all-encompassing regulatory structures around environmental, social and governance ratings and disclosures.
The UK’s Municipal Bonds Agency is not going anywhere.
German filter maker Mann+Hummel has closed its innovative Schuldschein, which had both green and sustainability-linked components, at €150m-equivalent in dollars and euros.
The Berkeley Group, one of the UK’s biggest home builders, has mandated for a green bond, a week after high grade corporate issuers faced such a torrid time in the sterling market that some bankers called the market shut until the autumn.
Acme Solar Holdings was one of the few borrowers in Asia to brave volatile market conditions on Thursday to sell its debut dollar bond.
Louis Dreyfus Co Asia has become the latest commodities company to tap the debt market, seeking a $450m sustainability-linked loan that is being widely syndicated.
Eurizon, the asset management business owned by Intesa Sanpaolo, has hired Federica Calvetti from Deutsche Bank to lead its ESG and strategic activism team in Milan.
The recent floods in western and central Europe could have an impact on covered bond pools.
CarVal Investors has launched a new CLO platform that looks to advance the sophistication of investing along environmental, social and governance lines in US capital markets.
Fixed income investor BlueBay Asset Management has added to its environmental, social and governance (ESG) investment team in London with an external hire and a move from within.
BlackRock, the world’s largest investor, has upped its game on engaging with companies about environmental, social and governance issues this year, especially climate change, under a new manager.
Electric cables have melted, tarmac buckled, businesses closed.
Bank syndicates have been appointed for two of the equity capital markets deals expected in the autumn: the capital increase of e-commerce platform Cnova and the IPO of GreenYellow, the renewable energy business.
GoodLeap is preparing an ABS backed by loans originated to install solar panels and energy efficiency home improvements.
US-listed hybrid electric vehicle maker Li Auto has hit the road for its Hong Kong secondary listing.
Spanish waste management company Urbaser has postponed a €1.63bn prospective term loan ‘B’, with sources close to the deal blaming summer fatigue.
The Opec Fund for International Development has received its inaugural credit rating as it prepares to launch itself into the international capital markets.
Investment bankers tend have a built-in sense of infectious optimism that helps them to convince issuers to mandate them or investors to buy securities and other financial products, and also gets them through tough times.
Investment banks are broadening the search for talent and tweaking their recruitment message to attract and retain the bankers of the future, as working conditions and corporate culture emerge as hot topics after a difficult period for staff in the industry.
There are growing calls to build all-encompassing regulatory structures around environmental, social and governance ratings and disclosures.
Investment bankers tend have a built-in sense of infectious optimism that helps them to convince issuers to mandate them or investors to buy securities and other financial products, and also gets them through tough times.
It’s time for investors to pressure borrowers to emphasise Scope 3 emissions if they want to make the difference to climate change they claim they do.
The recent floods in Europe should be sounding alarm bells for the insurance industry.
Far from heralding the dawn of a new post-pandemic paradise, England’s removal of almost all social restrictions this week could easily lead to a sharp rise in corporate defaults.
At the start of the pandemic, it made total sense for investors to pile capital into distressed debt funds.
Hong Kong’s Securities and Futures Commission has hit UBS and its securities unit with a combined HK$11.55m ($1.5m) in fines for regulatory breaches.
Eurizon, the asset management business owned by Intesa Sanpaolo, has hired Federica Calvetti from Deutsche Bank to lead its ESG and strategic activism team in Milan.
China’s securities regulator is pushing for closer co-operation with the US Securities and Exchange Commission to support overseas listings.
Investment banks are broadening the search for talent and tweaking their recruitment message to attract and retain the bankers of the future, as working conditions and corporate culture emerge as hot topics after a difficult period for staff in the industry.
Hong Kong’s Securities and Futures Commission has hit UBS and its securities unit with a combined HK$11.55m ($1.5m) in fines for regulatory breaches.
China’s securities regulator is pushing for closer co-operation with the US Securities and Exchange Commission to support overseas listings.
Days after the Tunisian President Kais Saied shocked the world by freezing parliament and boosting his executive power, sources say that investors have little to be concerned about as conversations with the IMF continue to progress.
Chinese stocks were in freefall this week after Beijing tightened rules for the for-profit education sector, sparking a fresh — and severe — bout of volatility in the equities market.
Glenmark Life Sciences, a pharmaceutical ingredients manufacturer, wrapped up a three-day bookbuild for its India IPO on Thursday.
Credit spreads for corporate borrowers from sectors that will benefit the most from reopening from lockdowns are drifting wider as coronavirus infections rise thanks to the spread of the delta variant.
HK Inno.N Corp, a South Korean pharmaceuticals company known for its popular hangover tonics, has priced its IPO at the top of the marketed range, netting W596.9bn ($520.9m).
Idorsia, the Swiss biotech company, has turned to the convertible bond market to finance looming product launches and the development of its late-stage drug pipeline.
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