Emerging economies have a unique opportunity to direct the surge in climate-focused lending by public and private institutions towards 'build back better' schemes in the wake of the Covid-19 pandemic, according to a group of the largest multilateral development banks.
Loan market bankers disagree about the impact that the new social revolving credit facility structure will have on the European market — though the first-of-its-kind Covid-19 facility for Suez will likely remain a rarity, after the Loan Market Association said it is not looking at producing documentation for the structure.
Morgan Stanley Investment Management has set up a European corporate fund and a European strategic fund, both earmarked as sustainable.
BNP Paribas has issued a series of green medium-term notes linked to the performance of the new Australian Climate Transition Index (ACT), which is made up of companies expected to thrive in the transition to keep global warming below 2°C.
BNP Paribas has issued a series of green medium-term notes linked to the performance of the new Australian Climate Transition Index (ACT), which is made up of companies expected to thrive in the transition to keep global warming below 2°C.
Housing 21, a UK housing association, is looking to tap its November 2049 notes for an expected £100m, as bond market participants say that the Covid-19 economic crisis has made housing associations an attractive option for high grade sterling investment.
Canny loans bankers have devised a social revolving credit facility structure that links a portion of a borrower’s debt directly to Covid-19 era relief spending.
The refurbishment of existing housing stock promises to deliver big strides in cutting global carbon emissions and will provide issuers with a large new stream of green collateral to issue green covered bonds.
Hyde Housing, a UK housing association, paid zero concession on its August 2055 sterling benchmark trade, with the borrower opting to raise debt at the shorter end of the maturity range it marketed to investors on Monday.
CEEMEA bond bankers are pinning their hopes on the EU's €750bn recovery fund to spark green issuance once again.
Société Générale will make its structured products less risky, it said, after a difficult first half of the year in its equities business.
Morgan Stanley Investment Management has set up a European corporate fund and a European strategic fund, both earmarked as sustainable.
Delek Drilling, the Israeli energy company, launched a $2.25bn bond sale on Tuesday, in one of the few high yield emerging market bond deals seen during the coronavirus pandemic.
Each week Keeping Tabs beings you the most interesting and entertaining reading from around the web that we have uncovered.
The US Department of Labour (DoL) has proposed what it characterises as a reiteration of what has always been required of retirement fiduciaries — that they act in the best interest of their beneficiaries — urging them to disregard ESG considerations in investment decisions.
Derivatives stand to play a crucial role in the European Union’s green deal and transition to a low carbon economy, according to a study by the European Capital Markets Institute that was released on Thursday.
Ecuador’s market-friendly debt restructuring hit a bump in the road this week as bondholders put forward proposals that would include conditions around environmental, social and governance (ESG) factors.
After striking a remarkably swift restructuring deal with creditors, Ecuador’s government deserves praise.
Expectations are building that the G20 Debt Service Suspension Initiative (DSSI), introduced to alleviate the debt burden of the world’s poorest countries in the face of the coronavirus shock, will be extended this winter.
Italy will receive a €2bn loan from the European Investment Bank to help cover the reinforcement of its healthcare system required to deal with the coronavirus pandemic.
Credit Suisse has given staff including Jeff Cohen new positions and is also creating a new energy and infrastructure group.
Citi, Deutsche Bank and Credit Suisse all launched pledges related to environmentally friendly financing this week, as banks face continued pressure to make their balance sheet greener.
Anis Lahlou is chief investment officer at Aperture Investors in London.
The UK government looks ever more likely to create a new public sector bank focused on green infrastructure.
The European Central Bank recommended this week that banks do not pay dividends or buy back shares until the start of 2021 at the earliest.
Less than a year ago, international investor optimism about Ukraine was high but the journey to western style reform since then has shown just how hard a road it can be to travel.
Canny loans bankers have devised a social revolving credit facility structure that links a portion of a borrower’s debt directly to Covid-19 era relief spending.
Each week Keeping Tabs beings you the most interesting and entertaining reading from around the web that we have uncovered.
The US Department of Labour (DoL) has proposed what it characterises as a reiteration of what has always been required of retirement fiduciaries — that they act in the best interest of their beneficiaries — urging them to disregard ESG considerations in investment decisions.
In recent weeks, Argentina’s PR agency has been cramming the inboxes of financial journalists as the government goes on the attack in an apparent attempt to guilt-trip dissenting creditors into accepting its restructuring offer.
The European Stability Mechanism stands ready to lend eurozone countries up to 2% of their GDP at negative rates — but in spite of the clear cost savings compared to market funding, countries have yet to take up the offer.
Morgan Stanley Investment Management has set up a European corporate fund and a European strategic fund, both earmarked as sustainable.
The case of O’Donnell versus the Australian Commonwealth, if successful, could force all issuers seeking to make use of the Australian bond market to make thorough disclosures of their climate strategy.
Less than a year ago, international investor optimism about Ukraine was high but the journey to western style reform since then has shown just how hard a road it can be to travel.
The Agence France Trésor (AFT) has suspended Morgan Stanley’s primary dealership in French government bonds, making it the first bank to suffer such a proscription.
Less than a year ago, international investor optimism about Ukraine was high but the journey to western style reform since then has shown just how hard a road it can be to travel.
The Agence France Trésor (AFT) has suspended Morgan Stanley’s primary dealership in French government bonds, making it the first bank to suffer such a proscription.
The Chinese Ministry of Finance and two other national regulators have concluded their investigations into fraud at Luckin Coffee.
In recent weeks, Argentina’s PR agency has been cramming the inboxes of financial journalists as the government goes on the attack in an apparent attempt to guilt-trip dissenting creditors into accepting its restructuring offer.
Anis Lahlou is chief investment officer at Aperture Investors in London.
BioNTech, the German biopharmaceuticals company, is selling 5.5m American Depositary Receipts (ADRs) on the Nasdaq through a share sale and a rights issue.
The International Finance Facility for Immunisation (IFFIm) was set up in 2006 to provide funding to Gavi, the Vaccine Alliance, itself a public/private sector partnership, to expedite the vaccination of children in the poorest countries against endemic infectious diseases.
Investors have got a fever, and the only cure is more pharma.
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