Sustainable Finance
CDL Breaks New Ground with Singapore’s First Green Bond
City Developments Limited (CDL), the Singapore-listed real estate giant with a global presence spanning 97 locations in 26 countries, has been praised for its sustainability efforts, which place it top among Singapore corporates in the Global 100 Most Sustainable Corporations in the World 2017 rankings. We speak to the company’s Chief Sustainability Officer Esther An about challenges associated…
11 Jul 2017
CASE STUDY: India’s Rural Electrification Corporation Debuts a US$450mn Green Bond
The state-owned company, which finances and promotes power sector projects in India, successfully launched its inaugural green bond, becoming the first Indian public sector corporate to issue USD-denominated “green” debt and supporting the central government’s sustainability drive.
10 Jul 2017
CASE STUDY: NBAD Blazes a Trail with First MENA Green Bond
UAE-based lender National Bank of Abu Dhabi (NBAD) broke new ground by becoming the first MENA issuer to tap the green finance markets with a debut US$587mn 5-year green bond. The deal marked the largest size and tightest spread for an FI green issuance across the emerging market space, excluding China.
17 May 2017
Putting Green Bonds on a Sustainable Path in Emerging Markets
Global green bond issuance is estimated to top US$206bn in 2017, according to figures from Moody’s, but the development of the asset class in emerging markets is still being hampered by lack of incentives, standards and awareness, according to sustainable finance professionals.
6 Apr 2017
Developing the Green Bond Markets in Turkey: Çiğdem İçel, Executive Vice President, TSKB
TSKB set a new precedent in the Turkish capital markets in 2016 when it became the country’s first financial institution to issue a green bond. Now, with more stringent environmental regulations on the horizon, the bank is seizing on new deal opportunities and vying to become Turkey’s leading sustainable finance practitioner. We speak with Çiğdem İçel, Executive Vice President at TSKB about the…
10 Feb 2017
Green Bonds: The Next Wave in the Middle East
The rapid growth of green finance has sparked interest from many audiences. The use of bonds to finance green projects have become an exciting market development, with demand from investors consistently outstripping supply. Across the globe, borrowers and investors are keen to engage in sustainable financing opportunities and we have seen increasing activities in Asia, paving the way for the…
1 Feb 2017
Sustainability Drive Sparks Green Bond Interest Across South, Central America
Sustainable energy and infrastructure projects across South and Central America are attracting attention from investors, but the outlook is challenged due to a lack of awareness on the ground.
27 Jan 2017
CASE STUDY: Fibria Breaks Ground with Well-Timed Green Bond
Fibria, the world’s largest producer of eucalyptus pulp, got the timing just right when it priced a US$700mn senior unsecured green bond in January 2017, halving the company’s new issue premium and cementing its position as a leading sustainable finance practitioner in Brazil.
20 Jan 2017
Outlook Bright for Loan Financing in Chile’s Renewables Sector
Chile has been one of the major success stories in Latin America over the past decade. As the economy slowed in the past year amid the commodities slump, the Chilean government is looking to attract local and foreign capital to finance an ambitious programme of sustainable energy projects across the country. The country is well positioned to succeed in this endeavour, analysts believe.
11 Jan 2017
EM Green Bond issuance to be Unaffected by Trump
Few sectors are facing greater uncertainty from the election of Donald Trump as the new US president than green energy and renewables, but experts are sceptical that the self-confessed climate change denier could actually derail the global drive towards sustainability and stifle the rise of green finance, particularly across EM.
14 Nov 2016