The MFSA has approved bye-laws for the Green Market of the Malta Stock Exchange that will allow for the listing of 'green bonds' on the local capital market.
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Whitbread issues green bonds totalling £550m
Hospitality giant Whitbread, which owns brands including Premier Inn, has priced two major green bonds at £300m and £250m respectively.
The move comes as the UK Government prepares to price its first sovereign green bond
The period for the first, larger bond runs through to May 2027. The second, smaller bond is due in May 2031.
Funding raised through the bonds will be used to help deliver initiatives and infrastructure that will support Whitbread’s ‘Force For Good’ sustainability strategy. Updated in 2020 to reflect the impacts of the Covid-19 pandemic on the hospitality sector, the strategy includes a climate target to halve Whitbread’s carbon emissions intensity by 2025, against a 2018/19 baseline, and to deliver an 84% reduction by 2050. The firm claims that these moves will align the firm with the UK’s 2050 net-zero target.
Feb 4, 2021
Madrid: Telefónica today successfully closed its first sustainable perpetual hybrid bond issue, amounting to 1bn euros, and the first in the global telecom sector as well. The company also announced a hybrid bond tender offer, which begins today and is scheduled to close on 15 February. With both transactions, Telefónica continues to proactively manage its hybrid capital base.
The sustainable hybrid issuance was well received by institutional investors, with a participation of more than 500, with demand exceeding €7bn. The hybrid has a 8.25 years reset date and its coupon reached
2.376%, the lowest hybrid coupon in the history of Telefónica.
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Clifford Chance advises the Joint Bookrunners on TSKB s successful offering of 144A/Reg S Sustainable Notes
20 January 2021
Clifford Chance advises the Joint Bookrunners on TSKB s successful offering of 144A/Reg S Sustainable Notes
The London, Paris and Istanbul offices of leading international law firm Clifford Chance have advised the joint bookrunners on the Industrial Development Bank of Turkey (TSKB) s USD 350 million Rule 144A/Reg S 5.875% sustainable notes due 2026. TSKB operates its banking operations in line with globally recognized sustainability principles, with a mission to make a substantial contribution to the UN Sustainable Development Goals through the financing facilities it offers.