“K” Line: First Climate Transition Finance in Japan
“K” LINE is pleased to announce that we have arranged operating lease for the Next-Generation Environmentally-Friendly LNG-fueled Car Carrier through Climate Transition Loan with Mizuho Bank Ltd. (MHBK) and Sumitomo Mitsui Trust Bank Ltd. (SMTB). This loan is recognized as the very first Climate Transition Finance in Japan. The loan was evaluated by Japan Credit Rating Agency, Ltd.(JCR)in line with the Climate Transition Finance Handbook published by the International Capital Markets Association(ICMA)and it acquired the highest recognition, Green1 (T), as an overall evaluation.
The concept of Climate Transition Finance is to accelerate the efficient flow of financing to the companies, which address climate change risk as material issues for its core business activities and to do non Business As Usual Efforts in order to achieve its GHG emission reduction target to contribute to the global goals for decarbonization .
International investors are set to get their first chance to buy a carbon neutrality bond from China, with China Development Bank gearing up for a deal this week. This is encouraging, and shows the country is serious about using capital markets to propel its carbon goals. But the government’s credibility will remain in doubt unless it makes changes elsewhere too.
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A flurry of changes to stock exchange rules and capital markets regulation and practice have been introduced following the end of the Brexit transition period in the UK on 31 December 2020, as well as new initiatives launched in the EU. We set out below a summary of some of the most recent regulatory changes and initiatives for our clients and other market participants to be aware of:
Post Brexit considerations in prospectuses, offering circulars and transaction documents: A number of technical changes to disclosure and transaction documents will need to be considered and implemented in transactions taking place since 1 January 2021, including:
Publishing date: Mar 09, 2021 • March 10, 2021 • 4 minute read •
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(Bloomberg) Sustainable debt sales are suddenly booming in Latin America, as investors looking for larger returns in environmentally and socially friendly securities grow more comfortable with buying high-yield bonds.
Borrowers in the region have raised about $8.7 billion in international debt deals tied to environmental, social and governance projects so far this year, according to data compiled by Bloomberg. That’s approaching the record $10.8 billion issued all of last year.
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