Sustainable Finance
Sustainability Has Never Been More Influential on Capital Deployment
There is a growing need for companies to prioritise environment, social and governance (ESG) factors as investors now view these as important factors when assessing risk and deploying capital. This is especially relevant in regions which are highly dependent on extractive or carbon-intensive sectors.
6 Apr 2020
ESG-Linked Issuance Rebounds as Panic Subsides, Led by Developed Market Economies
While new ESG-linked issuance in emerging markets is largely limited to DFIs for now, a number of new deals that closed over the past week offers an encouraging sign of a market revival, according to IHS Markit.
1 Apr 2020
African Development Bank Sells USD3bn ‘Coronabond’ in Effort to Combat COVID-19 on the Continent
The African Development Bank (AfDB) raised USD3bn through the sale of social sustainability bonds in an effort to finance Africa-based initiatives to combat the spread of COVID-19.
30 Mar 2020
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
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