JP Morgan has created a Development Finance Institution (DFI), which will see its investment bank originate and distribute assets scored on their developmental impact.
The Green Bond Principles organisation has gone public with its plans to set up a working group on sustainability-linked bonds.
Chile completed its $3.3bn of external funding needs for the year in two days this week, tapping both euro and dollar markets for green bonds that EM accounts say are becoming increasingly important for their end investors.
The risk that huge amounts of oil and gas assets will be stranded by moves to tackle the climate emergency may be more pertinent for sovereign credit than for private sector corporate debt, according to new research.
Seen with cynical eyes, the launch of JP Morgan’s Development Finance Institution (DFI) is simply an attempt to expand its emerging markets footprint — already the largest in the business — by capitalising on two trends: the wave of cash fleeing low yields for EM, and the unassailable momentum of the socially responsible investment movement.
Zero-E the company that holds the wind, solar and thermal assets of Actividades de Construcción y Servicios has found a private buyer for its Spanish renewables assets, making an IPO unlikely.
Green bond volumes reached a record level in 2019 and market participants think the sector is poised for another blow-out year.
Several US private placement agents have told GlobalCapital that their market is finally starting to take sustainable financing seriously.
LBBW has revealed that the majority of investors in its latest green bond were signatories to the UN Principles for Responsible Investment.
Chile completed its $3.3bn of external funding needs for the year in two days this week, tapping both euro and dollar markets for green bonds that EM accounts say are becoming increasingly important for their end investors.
The Green Bond Principles organisation has gone public with its plans to set up a working group on sustainability-linked bonds.
Two supranationals hopped into the Kangaroo market with environmental, social governance (ESG) bond taps this week, in a move that is becoming increasingly popular.
DeA Capital Real Estate has signed an €85m green loan, which lenders say is the first in the Italian property sector.
Green bond volumes reached a record level in 2019 and market participants think the sector is poised for another blow-out year.
The day after it sold €1.961bn of green bonds in the euro market, Chile jumped on borrower-friendly conditions in dollars to complete its higher than usual external funding needs for the year.
The risk that huge amounts of oil and gas assets will be stranded by moves to tackle the climate emergency may be more pertinent for sovereign credit than for private sector corporate debt, according to new research.
Macquarie Group has appointed Charles Yonts as head of Asian ESG research, a newly created position.
As head of BlackRock, the largest asset manager, Larry Fink’s pivot to responsible investing in recent years has been influential.
The latest battle in the campaign to weaken corporate governance standards in the US is being fought over rule changes that would make it harder for investors to propose motions at shareholder meetings.
Securitizations tied to oil and gas-related cash flows have emerged in recent months, despite growing support from the buy side for socially responsible investments (SRI).
As market participants sent in their final responses to the European Securities and Markets Authority's consultation on MiFID II’s commodity derivatives position limits, NGOs look set to fight against financial industry suggestions.
Catastrophe bonds issued by the World Bank have been positive for both investors and the countries receiving protection from the securities, according to one market veteran.
Cabot Square Alternatives, a new closed end investment fund focused on alternative infrastructure and property assets with an environmental, social and governance angle, has announced its intention to float on the London Stock Exchange.
The first European CMBS of 2020 saw all four notes price well inside of initial price thoughts floated by Goldman Sachs last week, with the senior tranche landing at 70bp on Thursday to mark the first green-marketed CMBS deal in Europe.
Seen with cynical eyes, the launch of JP Morgan’s Development Finance Institution (DFI) is simply an attempt to expand its emerging markets footprint — already the largest in the business — by capitalising on two trends: the wave of cash fleeing low yields for EM, and the unassailable momentum of the socially responsible investment movement.
JP Morgan has created a Development Finance Institution (DFI), which will see its investment bank originate and distribute assets scored on their developmental impact.
Seen with cynical eyes, the launch of JP Morgan’s Development Finance Institution (DFI) is simply an attempt to expand its emerging markets footprint — already the largest in the business — by capitalising on two trends: the wave of cash fleeing low yields for EM, and the unassailable momentum of the socially responsible investment movement.
As head of BlackRock, the largest asset manager, Larry Fink’s pivot to responsible investing in recent years has been influential.
The sustainability-linked loan market is a glorious mess.
The noise about how capitalism is changing to a system in which social purpose is restored to the centre of companies' and investors' aims is now deafening.
More than three quarters of European banks have poor standards of internal governance, according to the European Central Bank, which warned on Tuesday that management bodies were simply 'not effective'.
LBBW has revealed that the majority of investors in its latest green bond were signatories to the UN Principles for Responsible Investment.
The European Banking Authority’s proposed next executive director, Gerry Cross, was rejected by a committee of EU politicians on Thursday amid discontent over a perceived revolving door between the regulator and lobbyists.
The Green Bond Principles organisation has gone public with its plans to set up a working group on sustainability-linked bonds.
More than three quarters of European banks have poor standards of internal governance, according to the European Central Bank, which warned on Tuesday that management bodies were simply 'not effective'.
The European Banking Authority’s proposed next executive director, Gerry Cross, was rejected by a committee of EU politicians on Thursday amid discontent over a perceived revolving door between the regulator and lobbyists.
Members of the European Parliament have hit out at the appointment of a top banking regulator as chief executive of the lobbyist group the Association for Financial Markets in Europe.
South Korea’s Mirae Asset Daewoo has been ordered to pay $700,000 after a US Commodity Futures Trading Commission investigation found one of its traders had engaged in spoofing.
Dubai’s Emirates NBD Bank has sold a small stake in NMC Health, the beleaguered UAE private healthcare company, to close out a loan owed by Infinite Investment, a vehicle for two of the company’s controlling shareholders.
Peijia Medical and Shenzhen Hepalink Pharmaceutical Group Co have set the ball rolling for Hong Kong IPOs, having filed draft prospectuses with the city’s stock exchange.
There was a burst of activity from Chinese pharmaceutical and biotechnology companies in the equity capital markets this week, as the sector took centre stage following the spread of a flu-like virus that has already claimed lives on the mainland.
Sino Biopharmaceutical issued a zero coupon convertible bond on Wednesday, boosting the size to €750m as demand poured in from across Asia, Europe and the US, according to multiple sources close to the deal.
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