Ahren Lester

Denmark set to raise 15% of debt through green bonds amid persistent 'greenium'

Denmark intends use green bonds to raise 15% of its total debt issuance in 2023, including through a new 10-year green bond to be launched in the second half of the year, a central banker has said as she hailed the pricing benefits of issuing green bonds.

Loan round-up: Spirits makers Pernod Ricard and Campari toast SLLs

Bond round-up: Goldman Sachs, Verizon, TDC Net ... and more

European high yield issuers 'too opportunistic' with green bonds

European high yield green bond issues have been "too opportunistic" to date, with transparency about how the proceeds will be used raising significant questions about the sustainability impact of the emerging asset class.

'Ground-breaking' CBI resilience taxonomy blueprint launch next week

The Climate Bonds Initiative (CBI) will publish a blueprint for its "ground-breaking" climate resilience taxonomy next week, as it looks to catalyse interest and investment in adaptation and resilience projects.

Green bond conversions are 'extreme case of lack of additionality'

The conversion of historic bonds to 'green' format is "problematic" for the market, as it represents an "extreme case" of lack of additionality, according to Nomura.

'Watered down' sustainable bond commitments a 'big problem'

Issuers presenting weak commitments and project specificity with their sustainable bond issues are a "big problem" - especially for social bonds - and emphasises the importance of starting with issuer-level sustainability analysis, according to PGIM.

Banks call on EU to provide transition plan guidelines

Banks have called on the EU to catch-up with other jurisdictions - in particular, the UK and Japan - by providing guidance on transition plans and finance.

LMA publishes 'vital' sustainability-linked loan drafting model

The Loan Market Association (LMA) has released a model legal text to support the drafting of sustainability-linked loans, which it described as a "vital" tool for the fast-growing market.

Loan round-up: Bunker, MOL, China Three Gorges ... and more