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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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  • ONGC Videsh (OVL), the overseas arm of India’s state-owned Oil and Natural Gas Corp, has sent out a request for proposals for an up to $750m loan, just a few months after raising $1bn.
  • Bankers in advisory, as well as the management at banks, are likely to receive lower bonuses this year, according to Johnson Associates, a compensation consultant for the financial sector. However, traders and bankers working in underwriting are in line to enjoy a boost.
  • Barclays is building up sustainability coverage in its investment bank with new positions announced globally on Monday and effective immediately.
  • Housing 21 became the latest UK housing association to receive a strong reception from investors on Friday as it priced a long-dated sterling tap with a book almost three times covered and a negligible new issue concession.
  • This week in Keeping Tabs: confronting dollar bears, Lebanon’s crisis, the power of debt in Ireland, and funding equity research.
  • SSA
    Spain has submitted an application for more than €20bn from the EU’s Support to Mitigate Unemployment Risks in an Emergency (SURE) fund.