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Sustainable Finance

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

Termocandelaria CEO, CFO on Colombia’s Rising Energy Capacity, Funding Plans, and Importance of ESG for Renewables Companies

In January 2019 Termocandelaria, the largest non-hydro power generation company in Colombia tapped the international capital markets for the first time with a USD410mn offering of 7.875% senior notes due 2029, marking the first corporate high-yield bond out of Latin America that year. A year on to the day, Termocandelaria re-tapped its existing bond for a further USD186mn at an impressive 110% of…

6 Feb 2020

AXA Sees Greater Investment Opportunities in EM Green Bonds – But ESG Still Needs Improvement

Emerging market green bond investment opportunities are looking increasingly attractive to global institutional investors – but EM issuers still need to continue improving on the ESG front in order to improve global investor penetration, AXA senior economist Irina Topa-Serry says.

3 Feb 2020

Strong Link Between Prosperity and Emissions Undermines Sustainability Push

The research casts doubt on feasibility of combining high economic growth targets with sustainability objectives, with potential implications on development of “green finance” markets.

29 Jan 2020

UN SDGs Offer USD10tn Opportunity to Private Sector Emerging Market Investors

The private-sector sustainability drive will focus around three core infrastructure-focused areas and represents 40% of total funding required to meet the objectives, according to Standard Chartered Bank.

23 Jan 2020

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

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

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