News

Bond round-up: Constellation, Iceland, CapitaLand ... and more

EU raises €7bn from first new green bond since 2022

The EU has raised €7 billion ($7.6 billion) from a green bond in a deal that was more than 12-times oversubscribed.

Constellation raises $900m in first US 'nuclear' green bond

US energy firm Constellation has raised $900 million from the first green bond from an US issuer which can be used to finance nuclear power projects.

BIS says its AI tool 'is game changer for green finance' ... but beware the hallucinations

A tool that uses artificial intelligence (AI) to analyse corporate climate reports has been hailed as a "game changer for green finance", because of its ability to automate the rapid extraction of data.

Don't demonise high emitting companies that disclose Scope 3, says pensions group

Investors risk "misallocating capital" if they unfairly punish high-emitting companies that disclose their Scope 3 emissions, as these will often make them look worse than peers that fail to disclose, a senior figure at a UK pensions group has warned.

Corporate green bond issuance passes $1trn milestone

Cumulative corporate green bond issuance has now crossed $1 trillion, just over a decade after a company tapped the market for the first time.

Amundi calls on investors to use Mean Species Abundance scores

Amundi has called on investors to use Mean Species Abundance scores, as a good starting point to better track their impact on nature.

Financial firms green bond lending disclosures 'need more detail'

Financial institutions that issue green bonds need to provide more detail on their 'green' lending portfolios, according to one investor.

Nature and social standards not top of our priorities, ISSB says

The International Sustainability Standards Board (ISSB) has indicated that it will focus its future work on ensuring implementation of its existing standards - suggesting that it does not plan to imminently begin projects to set dedicated nature-related and social standards.

US muni sustainable bond market to grow in 2024, predicts S&P

US municipal issuance of sustainable bonds is forecast to grow 5% in 2024 as issuers are incentivised to return to the market and issuance sizes continue to grow, according to S&P Global Ratings.