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The Sustainable Economy

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Lender enters “very exciting phase” as capital grows and it enjoys two triple-A ratings
Paying off external arrears will help get an IMF deal over the line
SSA
China bank treasury demand for suprantional paper rises amid higher volatility and yields
The euro's share of EM bond funding is at its highest in a decade
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  • Indian agricultural company Jain Irrigation Systems has appointed Elara Capital (Asia) Singapore as financial adviser for its dollar bond restructuring.
  • The European Commission has reached out to the European Covered Bond Council (ECBC) to make the case for reinvigorating the market for European Secured Notes. ESNs could improve access to crucial funding for Europe’s small and medium-sized enterprises (SMEs), which are struggling to recover following lockdowns imposed to contain the spread of Covid-19.
  • Spain’s Sonnedix, a solar power producer, has signed bank facilities totalling €154m, a day after Moody’s said sustainable project finance has a lower default risk than its conventional equivalent.
  • SRI
    One of the remotest parts of the world is home to a new piece of financial engineering. Tristan da Cunha, a volcanic island in the South Atlantic Ocean, is making use of a wind derivative instrument structured by Global Parametrics, an organisation seeking to improve the developing world’s resilience against extreme weather.
  • Supply chain finance company Greensill has hired Peter Charles as vice-chairman of distribution and Dolph Habeck as managing director, head of distribution of the Americas, the company told GlobalCapital.
  • European equity capital markets are gearing up for a wave of autumn IPOs and are worrying that they will struggle for investor attention. But one of the few good things to have emerged from the coronavirus pandemic — the use of technology to accelerate deal calendars — should alleviate fears of congestion.