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AfDB hopes to launch multi-issuer securitization this year
◆ French firm takes €700m with unrated deal ◆ Double digit concession needed ◆ Deal prices inside debut, but returns higher yield
Deal liberates capital and tempts investors to take new frontier market risk
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India has become the latest emerging market to use its sovereign wealth fund to move into the infrastructure arena. Managing director Sujoy Bose tells GlobalMarkets that investors could make a return as high as 18% but investors still fret over bureaucracy
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Geopolitical issues such as the migration crisis has heightened the need for the European Investment Bank to launch facilities such as Economic Resilience Initiative fund to help attract private capital into the troubled North African region
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As part of a debt restructuring, Barbados has included a natural disaster clause — something its prime minister Mia Mottley hopes will be adopted by other vulnerable nations
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Bilateral investment from rising powers such as China, Russia and Saudi Arabia has been gratefully received by needy nations such as Pakistan but the inflow of new money threatens to make the IMF look less relevant just as the multilateral has acquired a new boss
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Investors who have been pushing banks to clean up their act for years have welcomed the new Principles for Responsible Banking. But the real test will be action, not words
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Investors have hailed the new ethics code for banks, the UN Principles for Responsible Banking, as an important advance in making banks more sustainable. But they want to see the fine words lead to action — above all, real decarbonisation.
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