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SRI

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Adnoc expands sustainable financing with $2bn green loan

The company's new loan is backed by a Korean export credit agency
By backing too many speculative IPOs, investment banks could threaten the whole market
SSA

IDB Invest becomes first MDB to tap its securitization

$450m add-on makes deal more efficient

Finland's YIT signs €200m SLL and amends term loan

Company retains same roster of banks that provided last loan
By backing too many speculative IPOs, investment banks could threaten the whole market
Sub-sections
  • Europe’s slow rollout of Covid-19 vaccines is beginning to damage confidence in a quick economic rebound this year, leading some investors to step back from value trades in pandemic-exposed cyclical stocks and enter new positions in high-growth momentum trades, particularly renewable energy stocks.
  • Neoen, the French renewable energy company, launched a €600m rights issue on Tuesday to fund its investment pipeline. Sources close to the deal are confident of its success.
  • Sustainability is likely to have a pivotal place in prudential discussions and properties secured on energy efficient mortgages could be in line for more favourable treatment than vanilla ones, the European Covered Bond Council and European Mortgage Federation’s secretary general, Luca Bertalot told GlobalCapital.
  • SRI
    Environmentalists were outraged on Thursday to learn from a leaked document that the European Commission is considering the option of including some gas power stations in its Taxonomy of Sustainable Economic Activities.
  • ABS
    A Florida-based asset manager is issuing a PACE securitization under the HERO platform — a well-known name used by the now-bankrupt issuer Renovate America. This dual structure, where the originator and sponsor are two different entities, is not uncommon in ABS, but when it is used for securitizing PACE, it is often a symptom of instability and the distress the market faces, sources say.
  • European equity deals linked to renewable energy have continued to come to market despite sustained turbulence buffeting the sector.