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Page 8 - சர்வதேச மூலதனம் சந்தை சங்கம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

ESG Focus: Transition Bonds - The Great Controversy

Jul 23 2021 FNArena s dedicated ESG Focus news section zooms in on matters Environmental, Social & Governance (ESG) that are increasingly guiding investors preferences and decisions globally. For more news updates, past and future:  Transition bonds – the controversial new asset class The anaemic transition-bond market has suddenly become one of the hottest topics in the bond market today – and the stakes are high.  – Transition bonds a US$1trn a year market – The great debate that could threaten the transition – The stakes are high By Sarah Mills  “Climate Transition Finance is arguable the most important topic for the sustainable finance market to deal with in the coming 12-36 months.” 

IFC investing US$150 million in UnionBank s first social bond

Proceeds to fund over 2,000 loans to small businesses in the Philippines impacted by Covid-19 23 Jul 2021 |  Chito Santiago Union Bank of the Philippines (UnionBank) on July 23 announced it is issuing its first social bond to assist micro, small and medium-sized enterprises (MSMEs) impacted by Covid-19, with an investment from the International Finance Corporation (IFC). A member of the World Bank group, IFC is investing US$150 million in the seven-year social bond, which will be issued under UnionBank’s new sustainable finance framework. It is IFC’s first Covid-19 response social bond investment in Asia and only the second social bond of its kind in the Philippines. It also marks UnionBank’s longest-term US dollar-denominated bond to date.

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