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GC Asia
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BofA forms EMEA ESG council as it seeks ‘glidepath’ to lower emissions
Bank of America has set up an EMEA ESG strategic council chaired and led by three senior investment bankers, to intensify its effort to reduce its carbon footprint and manage its climate risks. BofA made a net zero commitment in February but has not yet set out its decarbonisation trajectory.
11 Jun 2021 -
UK must avoid the EU’s Taxonomy gaffes
Does the world need another taxonomy of what is green?
10 Jun 2021 -
UK to be torn between harmony and leadership on green regulation
The UK has begun the process of creating its own versions of the European Union’s sustainable finance regulations, by picking a Green Technical Advisory Group to help it draft a green taxonomy. It will face two conflicting priorities: to maximise harmonisation by staying close to EU rules; and to depart from them, for a variety of reasons including the possibility of improving on the EU’s approach.
10 Jun 2021 -
Bread Street aims to bring private equity to UK pensions
Two former investment managers at Aberdeen Standard have launched a firm called Bread Street Capital Partners, with the aim of creating a series of listed private markets funds to broaden access to the funds of top tier financial sponsors. The firm also aims to capture more investment from UK defined contribution pension schemes, which have historically had tiny allocations to private equity compared with some of their international peers.
10 Jun 2021 -
Colisée looks to reprice EQT’s acquisition debt
Nursing home and elderly care company Colisée, which EQT Infrastructure acquired last year, was in the market on Thursday, looking to reprice the €875m acquisition facility and add-on a further €150m to pay down its revolver.
10 Jun 2021 -
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BofA puts big hitters on EMEA ESG council
Bank of America has set up an EMEA ESG strategic council chaired and led by three senior investment bankers, to intensify its effort to reduce its carbon footprint and manage its climate risks.
10 Jun 2021 -
Moody’s probes IG credentials of SSD’s car parts makers
Moody’s has torn up one of the shibboleths of the Schuldschein market — that its borrowers are worthy of investment grade ratings. On Wednesday, the rating agency said a number of borrowers from the car parts sector were overleveraged and not profitable enough. Investors appear to share these worries, but the Schuldschein market offers them little protection and there is no reliable secondary market for them to sell into.
09 Jun 2021 -
Sany breaks loan hiatus for $600m
Chinese company Sany Heavy Industry Co has returned to the offshore loan market after a nine-year absence for $600m.
09 Jun 2021 -
Nguyen Hoang tests loan market for debut
Vietnamese education company Nguyen Hoang Group is making its offshore loan debut with a $62m deal.
09 Jun 2021 -
VMED Ireland launches ESG-linked loans
Virgin Media Ireland is looking for €900m of loans, which will have margins linked to specific KPIs, following the Virgin Media/O2 merger in the UK.
08 Jun 2021
