Towering behind a nearly century-old row of shophouses in Kuala Lumpur’s Chinatown rises a gleaming skyscraper clad in blue glass. In central Malaysia, a sprawl of solar panels catches the sun’s tropical rays. In a remote part of Malaysian Borneo, work progresses on a hydro power plant. These three projects have one factor in common: […]
Green bonds shoot past $1 trillion mark in record month
Record Month Shoots Green Bonds Past Trillion-Dollar Mark Amid global turmoil, green bond issuance is serving as a beacon for sustainability, surpassing $1 trillion issued since the market’s inception in 2007 London and New York: Green bonds have passed their biggest milestone yet, with more than $1 trillion issued since these securities first emerged in 2007, […]
India’s $28 Billion of Green Bonds Are Under the Spotlight
India’s green bond issuers have preferred rupee denominated unlabeled issues. The majority of bonds have fixed coupon rates which can be serviced from the steady cash flow of renewable energy projects. Bond tenors vary from six months to over 30 years, with five- to 10-year tenor being most common. The privately-owned power producers have […]
Green shoots growing on the debt market
Green bonds — debt taken on to finance projects with environmental benefits — hit a record last month with $50 billion issued, as more and more companies and governments turn to the instruments. Adidas, French electricity firm EDF and telecoms firm Orange, along with the nations of Germany, Egypt and Sweden all issued green […]
Germany To Issue ‘green Bonds’ Worth Up To $13B This Year
The German government plans to generate up to 11 billion euros ($13 billion) for clean transportation and renewable energy projects this year by issuing so-called green bond, officials said Monday. The German government plans to generate up to 11 billion euros ($13 billion) for clean transportation and renewable energy projects this year by issuing so-called […]
Visa Launches Green Bonds Worth $500 Million
Visa Expands Commitment to Sustainability Through Inaugural $500 Million Green Bond Issuance and Appointment of Chief Sustainability Officer Role SAN FRANCISCO: Visa (NYSE: V), a leading global payments technology company, today announced that yesterday it successfully priced its inaugural green bond offering, totaling $500 million, paying a semi-annual coupon of 0.75% and maturing August […]
Will China Finally Block “Clean Coal” from Green Bonds Market?
Chinese regulators recently proposed eliminating so-called “clean coal” from the list of projects that can raise funds using green bonds. While this may not sound like a big deal, if it goes through, it could be the start of a much-needed transformation in China’s green finance market – and a move away from coal power, which […]
SBI raises $100 million via green bonds amid COVID-19 scare
Those bonds have been priced after adding 80 basis points over three-month London-Interbank Offered Rate, which is now at about 1.450 percent, New Delhi: County’s banking behemoth the State Bank of India raised $100 million via dedicated bonds despite challenges in global financial markets, charred by COVID19 outbreak. The transaction reinforces that investors still bet […]
After green bonds in Canada, Brookfield eyes renewable biz in India, Brazil
Brookfield is one of the most active players in the green debt markets in North America After selling three green project bonds in the U.S. and marketing a new one in Canada, Brookfield Asset Management’s renewable power business is setting its sights on South America and Asia. The Toronto-based company is selling bonds to refinance […]
As Green Bonds Boom, So Do ‘Greenwashing’ Worries
Trillions of dollars of investment are needed to combat global warming. Enter green bonds, a way for issuers to raise money specifically for environmentally friendly projects — such as renewable energy or clean transport — and to be able to boast about it publicly. Fund managers also like the notes as a way of meeting […]
