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The Sustainable Economy

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  • UEP Penonomé, the company behind Panama’s first wind farm, turned to bond markets for the first time on Wednesday for a $262.664m senior secured amortising bond.
  • SRI
    Deutsche Bank is joining the ranks of banks that tie their top managers’ bonuses to sustainability targets, highlighting the fact that there is great variety in how this is done among leading investment banks.
  • China's Tianqi Lithium is set to sell a minority stake in a lithium mine in Australia to reduce some of its debt burden.
  • North Star Housing, a housing association in the northeast of England, has sold £80m of 40 year debt to Pension Insurance Corp, as housing associations prove the saving grace of an otherwise muted year for private placements.
  • Chinese electric vehicle manufacturer Xpeng is selling a chunk of new American Depository Shares (ADS) to fund research and development and further expansion.
  • ABS
    Residential solar finance company Loanpal is preparing another securitization, which will make 2020 the highest volume year for the issuer. While the solar ABS market should be boosted by the support for sustainability shown by the incoming Biden administration, skeptics say it will take years for political change in the US to fuel a meaningful increase in supply.