Global
I’m not one to be cynical or cavalier about an issue like greenwashing. All the same, I would like to be clear-eyed on the sources and nature of any such risks in the green bond market. According to a research report from Dutch asset manager NN Investment Partners in October, 15% of green bond issuance then came from companies involved in controversial projects contravening environmental standards. That’s a real problem.
Green bonds dominate a market that also includes instruments such as social bonds and sustainability-linked debt and loans, among other things. With so many options, some issuers may simply aim for the wrong one, especially if they’re in a hurry to capture investor demand.
1. That as of 23
rd April 2021, the Issuer has increased its programme limit from US$50,000,000 to US$250,000,000 (the Programme ). 2. That as of 26
th April 2021, the Issuer has issued US$50,000,000 in principal amount, of new green Bonds from the Programme. The new green Bonds offer investors a 7.25% p.a. return over a 5-year term. The Bonds are denominated in US$ and are the second series of the Issuer s programme. They deliver a fixed semi-annual income to investors by providing Neutral Fuels Overseas Holdings Ltd and its subsidiaries (as borrower Neutral Fuels ) funding to acquire, develop, manage and operate modular-based biofuel production plants in major international cities.
By Burhan Khadbai
02 Mar 2021
The UK’s plan to launch the world’s first sovereign green bonds for retail investors is a welcome addition to the suite of sustainable fixed income products. It might be costly for the Treasury compared to what it can raise in the Gilt market but there are plenty of reasons why it is a good idea.
As yet, there is little detail on the structure of the proposed instrument or the amount the government will target to raise.
What we do know is that green retail bonds will be tied to the UK’s green bond framework, with projects evaluated and selected in line with the International Capital Market Association’s Green Bond Principles.
By Burhan Khadbai
25 Feb 2021
Italy published its much anticipated green bond framework on Thursday, ahead of a debut green BTP later in 2021.
The framework is aligned with the International Capital Market Association’s Green Bond Principles and the draft European Union Green Bond Standard.Italy’s green bonds will be used to finance public expenditures intended to contribute to the achievement of one or more of the following environmental objectives of the
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