Technical Working Group to analyse international developments in sustainable building to drive evolution of sector based investor-screening tool.
What’s it all about?
Climate Bonds Blog
Posted: Apr 12, 2016
Low Carbon Buildings Technical Working Group Reconvenes; New experts on board; TWG to address global advances in sustainable building standards, energy & emissions performance
Posted: Apr 11, 2016
Quarter 1 of 2016 saw a remarkable take-off of the green bond market with a total issuance reaching $16.5bn, the largest ever-quarterly amount issued! That's almost a $1bn more than our inital tally.
This fantastic growth is driven in part by China which accounted for over half of all green issuance in the quarter.
Bank of America Merrill Lynch maintained its high gear from last year and tops the Underwriter League Table for the first quarter of 2016, with a total underwriting amount of $ 1.99 bn from 11 deals.
Q1 largest ever for green bonds ($16.5bn issuance); BAML leads the top 5 qtrly underwriters league table but remaining 4 spots taken by Chinese underwriters – showing the importance of China in growing GB market
Posted: Apr 8, 2016
First Global Exchange to Become a Climate Bonds Partner
What’s it all about?
London Stock Exchange Group (LSEG) become the first global exchange to join the Climate Bonds Partnership Program. LSEG incorporates a range of businesses including London Stock Exchange, Borsa Italiana and FTSE Russell Indexes.
London Stock Exchange Group (LSEG) Joins Climate Bonds Partnership Program. World’s oldest bourse takes further step on green bonds
Posted: Apr 5, 2016
Banks
Kommunivest’s inaugural green bond upsized to $600m marks the largest Nordic issue yet ($600m, 3yrs, 1.5% S/A, Aaa)
Sweden’s largest municipal lender Kommuninvest leapt into the green bond market for the first time with the largest issuance. The Swedish lender’s inaugural green bond of $600 m has a 3-year tenor, semi-annual coupon of 1.5% and is rated Aaa by Moody’s. Bank of America Merrill Lynch, Crédit Agricole CIB and SEB were lead underwriters for the deal.
Green Bond Market Report: Four new ‘AAA’ rated benchmark sized green bonds: Kommuninvest inaugural $600m (3yr) NWB Bank $1bn (10yr) Chinese bank SPD RMB 15bn ($2.3bn, 5yr) IFC $700m (10yr); &1st ever green Schuldschein frm Nordex €550m is CB Cert
Posted: Apr 1, 2016
Want to catch up for some one-on-one with Climate Bonds executives?
Look for Justine Leigh-Bell in Latin America, Mexico and France.
Find our Australian rep Rob Fowler presenting at the WBSCD Sustainability meeting in Montrose.
April Schedule: Climate Bonds reps crisscross the continents this month. Rio, Mexico, Munich, Montreux, Mumbai, Paris, Amsterdam, Berlin, Beijing, Singapore and more!
Posted: Mar 31, 2016
Nordex issues first green Schuldschein (debt instrument), EUR 550m ($621m), for wind energy and gains Climate Bonds Certification. Great first step in EUR19 Schuldschein market
Posted: Mar 29, 2016
Late last month the Geothermal Criteria, under the Climate Bonds Standard, were released into the market allowing issuers the opportunity to certify green bonds linked to geothermal assets.
Philippines power utility, AP Renewables Inc (APRI), was the first to come to market using the new criteria with their certified green bond, backed by the Asian Development Bank (ADB) – more details below.
Now Available: Geothermal Criteria under the Climate Bonds Standard. First certification: ADB backed Philippines geothermal project bond from AP Renewables Inc
Posted: Mar 23, 2016
Big signal to investors: The White House gave the Climate Bonds Initiative’s efforts to promote sustainable water investment a double boost today with announcements recognising the Water Standard and upcoming Climate Bonds Certified Bond Issuance by the San Francisco Public Utilities Commission.
Washington: White House recognises Climate Bonds Water Standard at World Water Day Summit: San Francisco Public Utilities Commission will be first to issue Climate Certified Water Bond
Posted: Mar 22, 2016
Lots of major new outlets spoke green bonds in February following some high profile issuances from New York’s Metropolitan Transportation Authority and global tech giant Apple. Also in the media: Green Bond Pioneer Awards, certified climate bonds, Climate Bonds partnerships and – of course – China. A very exciting month.
Here is a selection of the best green bonds stories for February.
Feb media digest – lots of green bonds media coverage – FT, South China Morning Post, Bloomberg, Reuters, WSJ, FTSE + more
Posted: Mar 19, 2016
Working on climate change involves reading a lot of reports. A lot. My general view nowadays is “Enough already! Can you we just do now and stop theorizing?”
But sometimes you come across a report and you find yourself sitting up in your seat and shouting “Yes Yes Yes” like that scene with Meg Ryan in the movie When Harry met Sally.
A huge part of addressing climate change is green infra investment. But what to do? McKinsey’s rpt on ‘How to mobilize private-sector financing for sustainable infra’ makes you shout YES YES YES. Beautiful.