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ESMA fund guidelines may be headwind for sustainable bonds, says Abrdn
21 May 2024The recently published sustainable fund naming guidelines published by the European Securities and Markets Authority (ESMA) could dampen demand for labelled sustainable bonds, according to Abrdn.
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Sustainable bond market hits $5trn of issuance
20 May 2024Cumulative issuance of sustainable bonds has now crossed the $5 trillion mark, boosted by strong support from sovereign issuers.
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Transition plan credibility test should be core to green bond investments, says PGIM
20 May 2024Investors should only buy green bonds from issuers with credible transition plans, according to a major asset manager.
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Nordea launches two sustainable bond funds
17 May 2024Nordea Asset Management (Nordea AM) has launched two dedicated euro-denominated sustainable bond funds, a month after it closed its social bond fund.
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Maynilad readies first Philippines 'blue bond'
17 May 2024Water and waste firm Maynilad Water Services is preparing to raise up to PHP15 billion ($261 million) from its debut 'blue bond' in late May, which will be the first instrument of its type from a Philippine issuer.
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'Positive' response to TVO's €600m 'nuclear' green bond
16 May 2024Finnish nuclear power firm Teollisuuden Voima Oyj (TVO) has raised €600 million ($650 million) from its debut green bond, with the transaction more than three-times oversubscribed.
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Robeco: 'Greater clarity' on transition finance sought by Asian bond fund tilt
16 May 2024Robeco hopes that integrating a "transition bucket" into its Asian sustainable bond fund will help develop clearer definitions for transition finance in the market, as it also looks to launch further transition-focused funds.
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Bond round-up: Aldar Properties, UK, Italy ... and more
15 May 2024 -
Difference between sustainable bonds, sukuk are 'quite minimal'
15 May 2024The overall differences between sustainable sukuk and bond instruments are "quite minimal," according to experts - but recently published guidance remains a work-in-progress for building confidence in the market for issuers and investors.
- Working group to develop ESG ratings, data products code of conduct for Hong Kong
- What the ECtHR climate ruling means for businesses and investors
- Three key trends driving the global green transition
- Capital markets union essential for EU's climate transition, says head of French central bank
- ESMA name rules important step in unlocking transition finance, says BNPP AM
- UK public spending watchdog highlights risk of biodiversity net gain scheme
- Sustainable bond market hits $5trn of issuance
- Gresham House urges UK government to "provide reassurance" on biodiversity net gain
- Transition plan credibility test should be core to green bond investments, says PGIM
- People Moves, 17 May: Impact Investing Institute, Abrdn, Basel Committee and HSBC
Sovereign sustainable bond issuance ($bn)
The chart depicts sovereign sustainable bond issuance between January and April 2023 compared with the same period in 2024. Last year was the strongest for sovereigns on record, with $160 billion in issuance. Sovereigns got off to a strong start in 2024, producing the strongest monthly issuance — January — and the strongest first quarter on record. Surprisingly, despite the strong start, this year’s sovereign issuance is still below last year's by as much as $6 billion, thanks to a weak April in 2024 compared to a strong one last year.
You can read more on Environmental Finance Data's forecast and prediction here.
For comprehensive data on all green, social, sustainability and sustainability-linked bonds and loans, please visit EF Data. For more information, a demo or a free trial please contact scott.davis@fieldgibsonmedia.com