Sceptics feared that Trump appointee David Malpass would reverse the World Bank's direction on climate change as president, but 18 months into his term they are starting to see evidence that he is quietly coming round to the multilateral's green agenda
The public sector bond market is alive with debate on one topic: what will the European Union’s highly anticipated debut trade for its colossal Support to Mitigate Unemployment Risks in an Emergency (SURE) funding programme look like? With the deal expected next week, months of questions are about to be answered.
The Inter-American Development Bank could soon become the first multilateral lender to offer its borrowing countries the option to defer debt payments in the event of natural disasters, as Caribbean policymakers’ calls to make debt more resilient to climate events gain traction.
China raised a combined $6bn from a four tranche transaction on Wednesday, turning to US investors for the first time despite rising tensions between the two countries.
The European Union’s new green grammar book is multiplying the impact of climate finance.
This week's funding scorecard looks at the progress supranationals have made in their funding programmes in mid-October.
It was a moderate week for supply in the primary euro public sector bond market but the issuers that did come found ample demand, setting up a decent backdrop for the expected arrival of the European Union’s big borrowing programme next week.
The Asian Infrastructure Investment Bank made a huge statement with its first sterling bond this week, achieving an impressive size at a tight price with participation from a wide pool of accounts, in what is another significant step for the borrower as it continues its road towards a frequent and diversified presence in the capital markets.
Austria built a large order book as it came to the market for its final syndication of the year on Thursday, ahead of the expected arrival of the European Union as a mega borrower next week.
The Council of Europe Development Bank (CEB) took advantage of a strong market on Wednesday to issue its first ever benchmark transaction for pre-funding purposes.
The European Investment Bank isn’t letting the Covid-19 pandemic divert it from its common purpose, but is focusing it more clearly than ever on the development sphere.
Germany's public sector issuers lead from the front
At the end of June GlobalCapital and DZ Bank brought together some of Germany’s leading public sector bond issuers to discuss the impact of the coronavirus pandemic on their capital markets activities...
Go to GlobalCapital's SSA data pages for the latest information on priced deals, borrower funding progress, league tables and upcoming deals.
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GlobalCapital has held its Bond Awards every year for the past 12 years — but never like this.
It was a moderate week for supply in the primary euro public sector bond market but the issuers that did come found ample demand, setting up a decent backdrop for the expected arrival of the European Union’s big borrowing programme next week.
The EU's plan to issue large volumes of green bonds as part of its recovery plan will shape that market, but it also risks undermining it due to a discrepancy as to what what counts as green, according to two experts.
Long used to scanning the horizon for risks, central banks have belatedly woken up to the biggest one of all — climate change. Monetary policy has so far been ignored — but the European Central Bank, until now on the fringes of this issue, is plunging in
Focus was on the public market this week, with supranationals making up the majority of MTN supply.
The EU's plan to issue large volumes of green bonds as part of its recovery plan will shape that market, but it also risks undermining it due to a discrepancy as to what what counts as green, according to two experts.
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