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 […]
Urja Global gets shareholders’ nod to raise USD 500 mn via green bonds
The company has received approval for listing the bonds overseas at the London Stock Exchange or Singapore Stock Exchange or Nasdaq or any other foreign exchange, it said in a regulatory filing. New Delhi: Renewable energy firm Urja Global on Tuesday said it has received shareholders’ nod to issue USD 500 million (Rs 3,500 crore) […]
India’s goal on renewables to boost green bond sales overseas
Green issuers are supported by rising global appetite for Indian notes. India’s goal to more than double energy generation from renewable sources is fueling bets that debt offerings from green companies may grow. Adani Green Energy kicked off a roadshow for a potential dollar bond as Prime Minister Narendra Modi announced the more ambitious plans. […]
Making a case for green bonds
Set up a Green Investment Trust to fund green infrastructure projects in India. The Earth Summit (Brazil, 1992) brought a paradigm shift in our concept of development with the recognition that environment and economic policies must work in tandem to improve the quality of life. One of the ways to incentivise sustainable development is through […]
E.ON successfully raises €1.5 billion of Green Bonds
Bond issuance to fund sustainable infrastructure and energy efficiency projects Green Bonds meet very high investor demand Low coupons reduce E.ON’s average financing costs Today E.ON issued two Green Bond tranches of €750 million each. The high level of demand enabled E.ON to secure favorable interest terms across both maturities: €750 million bond maturing in […]
Asia Bond Market Expanding; Housing Bonds, Green Bonds are Potential Growth Areas
MANILA, PHILIPPINES: The local currency bond markets in emerging East Asia continued to expand over the first quarter of 2019 despite trade conflicts and moderating global growth, according to the Asian Development Bank’s (ADB) latest issue of the Asia Bond Monitor. Housing bonds and green bonds are potential areas of future growth, the quarterly report […]
Adani Green to raise 500 million dollar in green bonds
Majority of the company’s existing debt belong to PSEPL at $212 million and AGEUPL at $100 million. Adani Green Energy, the renewable energy arm of Adani Enterprises, is in process of raising $500 million in green bonds for capital expenditure and refinancing of debt by the middle of June, people close to the development told […]