Momentum is growing for the economic recovery from the coronavirus pandemic to have a strong green thrust, as the UK’s mini-Budget and comments by European Central Bank president Christine Lagarde made clear this week.
Conditionality has become a central area of contention as the EU shapes its coronavirus recovery plan.
Bertrand de Mazières is one of the best known and most respected figures in European debt capital markets.
A European Union recovery fund proposal is expected to be presented to a summit of European leaders on July 17-18.
FMO may lower its 2020 funding target when it reviews its borrowing plan after the summer, which could lead to a postponement of a planned dollar benchmark to next year.
Following the sale of its third syndication of the year this week — a €3bn inflation-linked bond — France does not expect to bring any more public benchmarks in 2020.
The dollar market has taken over from euros as the funding currency of the moment, with successful deals from KfW, Asian Development Bank, IFC and and Japan Bank for International Cooperation.
Unédic came to the market for its third social bond on Thursday after making its debut in the format less than two months ago.
The European Financial Stability Facility kicked off its third quarter funding in style this week as it raised 80% of the total with a well-subscribed five year bond.
Philip Hertlein, the former head of SSA origination and syndication at LBBW, has joined BNP Paribas’s public sector debt capital markets desk.
Philip Brown and Sanaa Mehra are leading a new unit at Citi, the latest the bank has designed for its sustainable finance business.
Deutsche Bank has created a new coverage model for its public sector business, which will be headed up by Panos Stergiou, global head of macro coverage.
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...
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The European Investment Bank (EIB) has become the first supranational institution to join LCH’s French repo clearing service.
FMO may lower its 2020 funding target when it reviews its borrowing plan after the summer, which could lead to a postponement of a planned dollar benchmark to next year. The Dutch development bank made a strong return to the issuance of subordinated debt this week ahead of a call date in December of its previous deal in the format.
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. Four months after the crisis began to be felt in Germany, representatives of the country’s development banks and Länder have come through the initial panic and reaction stage and are now beginning to understand more fully the extent of the damage the disease has caused to the economy and just how much their day-to-day lives have changed.
The International Finance Corp has announced its funding programme for its 2020-21 fiscal year.
The European Bank for Reconstruction and Development’s board of directors has approved a proposal to accelerate its transition towards being a green bank, including devoting over 50% of its investments to the green economy by 2025. But it has deferred a decision on when the rest of its activities will be aligned with the Paris Agreement.
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