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Sustainable Finance

Green Funding tops USD255mn for 2019 – but Beyond China, EMs Still a Small Slice of the Pie

Certified green funding volumes – including both bonds and loans – came in at USD254.9bn for 2019, according to new research from the Climate Bonds Initiative, a 50% rise on 2018 volumes. But outside China, emerging markets still see fairly low issuance of green or sustainability-linked instruments.

20 Jan 2020

Global Sustainable Finance Bips & Pieces

Turkey: Why “the Time is Now” to Go Green

After the volatility and crises that shook Turkey’s markets last year, the country’s economy has been on the road to recovery throughout 2019. While low global rates are pushing investors to hunt for yields in the Turkish market among others, many are also facing growing pressure to incorporate environmental, social or governance (ESG) considerations into their portfolios – which means those…

17 Jan 2020

Masdar to Launch UAE’s First Green REIT

Abu Dhabi-based renewable energy firm Masdar said this week that it plans to launch a sustainable real estate investment trust (REIT) and list the instrument on the Abu Dhabi Global Market.

16 Jan 2020

Emerging Market Debt in 2020: Global Investors on The Short, The Long, and Everything In-Between

Despite trade tensions, political volatility, and the occasional instance of societal upheaval, emerging market debt returns were broadly positive this year as investors once again hunted for yield against a backdrop of globally depressed rates. Will 2020 see much the same, or will concerns over global growth and rising political risk lead the market into a downturn? We summarise what top…

20 Dec 2019

GCC Projects Benefit as Costs Drop, Liquidity Improves – But Bond Financing Still “Long Way Off”

Three years after Abu Dhabi’s recently completed 1.17GW Sweihan photovoltaic (PV) plant attracted what were at the time record-low tariffs, GCC-focused project developers continue to break new barriers as tried and tested PPA and project funding structures begin to crystallise and the cost of funding drops.

13 Dec 2019

GCC CFOs, Treasurers Focus on ESG Frameworks and Data in Sustainability Pivot

Middle Eastern economies are well-known for their overreliance on hydrocarbons and a high concentration of family-owned, often opaquely run, businesses. However, as the volume of debt issuance surrounding ESG and sustainability becomes amplified, attention is beginning to be placed on how to navigate a rapidly evolving business and funding environment. In an exclusive roundtable discussion hosted…

10 Dec 2019

HSBC Turkey Sees Syndicated Loan, Bond Volumes Rising on The Road to Recovery

Following a tumultuous 2018, Turkey’s economy is now back on the road to recovery as the pathway to reform becomes clearer and global markets stabilise. Bonds & Loans speaks with Yiğit Arslancık, Assistant General Manager and Head of Wholesale Banking at HSBC Turkey about improving market sentiment, the growth in sustainable finance, and investor engagement.

6 Dec 2019

CASE STUDY: DTEK Renewables Prints Ukraine’s First Green Bond

The renewable energy firm blazes a trail in its home market with a EUR325mn transaction that draws in strong participation from ESG-focused investors across Europe and the UK.

27 Nov 2019

SWOT Analysis: Privatisation and Domestic Issuances Driving Markets in Brazil

Bonds & Loans examines the strengths, weaknesses, opportunities and threats facing the Brazilian market following a research trip to the region.

22 Nov 2019

Nedbank CIB: Growth of ESG-Linked Funding Should be Driven by Capital Allocators

There is a pressing need to improve social and environmental outcomes in South Africa, and finance can play an important role in bringing them about. But the growth of the sustainable finance segment needs to be driven by allocators of capital – banks and investors, says Nedbank’s head of debt capital markets origination Bruce Stewart.

25 Oct 2019

Moscow’s Embrace of the Paris Accord Brings Thaw to ESG Market in Russia

The ESG industry has all too often gotten the cold shoulder from Russia – a country that, seemingly, should be one of the least concerned about average temperatures rising. Will Vladimir Putin’s warming to the idea lead to a slew of green bond transactions?

17 Oct 2019

Grupo Argos CFO on Sector Strategy, Picking Relationship Banks, and Sustainability

Grupo Argos S.A is a Colombian conglomerate with large investments in the cement and energy industries, with operations in the United States, Panamá, Honduras and the Caribbean, and assets in various sectors from transport to real estate. The Group’s CFO Alejandro Piedrahita spoke with Bonds & Loans to discuss the group’s major businesses, the company’s bold new bid to build a new logistics hub…

15 Oct 2019

Brown Brothers Harriman: Emerging Markets Preview for the Week Ahead

EM benefited greatly from the improvement in US-China trade relations and quite possibly Brexit. The dollar is likely to remain under some pressure near-term as a result. Yet we must caution investors against getting too optimistic. The details of the partial trade deal still need to be worked out, while existing tariffs will still remain in place if the deal is signed next month as most expect.…

14 Oct 2019

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