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Sustainable Finance

Indorama Inks USD255mn Sustainable Ninja Loan in ‘First’ for Thai Market

Thai petrochemicals giant Indorama Ventures this week signed the country’s first cross-border sustainable ninja loan, it revealed.

18 Mar 2020

Asia Pacific Bips & Pieces Deals

Aldar, Ma’an Plan ‘Social Impact Bond’ for Late 2020

Abu Dhabi’s Authority of Social Contribution, Ma’an, and Aldar plan to jointly issue a social impact bond in late 2020, they revealed this week, the first issuance of its kind out of the GCC.

17 Mar 2020

CASE STUDY: Russian Railways Rides Through Volatility with Record-Breaking CHF250mn Green Bond

The issuer “boarded the last train” as EM bonds plummeted on the back of coronavirus-related fears, securing the tightest pricing for any Russian corporate issuing in the swiss franc market.

13 Mar 2020

Green Bonds Offer Marginally Lower Yields on Average – MSCI

Green bonds tend to offer 0-2bp lower yield than their conventional counterparts, according to research from MSCI. This is more pronounced in bonds issued by corporates with a higher overall ESG rating.

13 Mar 2020

CASE STUDY: Taweelah Green Loan Underpins Largest Reverse-Osmosis Water Desalination Project in the World

The USD758mn non-recourse project finance facility raised by Saudi-based ACWA Power, a rare green loan from the Middle East, will fund the construction of the Taweelah IWP in Abu Dhabi, which will be the world’s largest reverse-osmosis desalination plant upon completion in 2022.

12 Mar 2020

Russian Railways “Catch the Last Train” with Record-Setting Swiss Franc Green Bond

The new 6-year notes, part of RZD’s green bond programme, priced at a stunning 0.84% just as global markets began shutting down due to coronavirus-related shocks.

11 Mar 2020

ESG In Infrastructure: Building a Sustainable Future for Latin America

Sustainability is becoming a crucial consideration in the development of infrastructure across the globe, particularly in Latin America – which is facing one of the biggest infrastructure gaps in the emerging world while also remaining exceedingly vulnerable to the effects of climate change. The region’s top investors and developers explored the nexus of sustainable investing, project…

10 Mar 2020

Atlas Renewable Energy Prints Largest Latin American Solar Green Private Placement

Atlas Renewable Energy sold a USD253mn private placement in US markets this week to refinance debt linked to two solar PV power plants in Chile, the largest US solar green private placement out of Latin America to date.

4 Mar 2020

Regulatory Tweak Could Boost Russian Corporate Green Loans Pipeline

A new mechanism to compensate for the “green premium” on loans could incentivise businesses to tap the nascent market.

26 Feb 2020

The Growth of Private Credit in EM Risks Being Accompanied by Looser Underwriting Standards, Posing ESG Risks

While the outlook for private credit appears bright, the growth of the asset class – particularly in emerging markets – in combination with record-low global yields risks prompting some underwriters to loosen their underwritings and structuring standards as they rush to deploy capital and generate yield, Allianz Global Head of Private Debt Sebastian Schroff says.

25 Feb 2020

Appealing Risk-Return Profile Pushing Green Bonds into Mainstream – NN Investment

Market data suggests the asset class shows (still) higher volatility but also higher returns in Euro market as investors increasingly choose to go “green”.

25 Feb 2020

IIF: Frontier Market Debt, Driven by Government Borrowing, Hit New All-Time Highs in 2019

Rising budget deficits are a cause for concern, particularly as climate-related risks accumulate, the IIF warned in its latest report.

24 Feb 2020

Tension Between SDGs Raises Questions About the Growth of Sustainable Finance in South Africa

Given the size and depth of South Africa’s domestic capital markets, many see the country as the continent’s frontrunner for developing the sustainable finance segment. But the key to addressing the UN Sustainable Development Goals (SDG) is in a transition plan likely to be found in the narrow space between the precarious state of the economy, on the one hand, and the country’s worrying carbon…

18 Feb 2020

Sovcombank Sees Opportunities in Russia’s National Projects, Retail, and Green Finance

A number of large Russian banks were briefly teetering on the edge three years ago, as the industry was hit by a wave of bankruptcies and bad headlines. What followed was a five-year cleanse of the sector by the Central Bank and affiliated government agencies, and those lenders that came out unscathed at the end of it are now reaping the benefits of a less crowded and more stable industry. One of…

14 Feb 2020

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