‘Global Forum for the expanding Green Bonds Market’ is coming to London on 29 April, co-hosted by the Climate Bonds Initiative. This is practical event focused on issuers and investors, with a number of interactive panel sessions on private placement market, new bond structures, new potential areas for investment, Standards, Green Bond Principles and more.
Climate Bonds Blog
Posted: Mar 12, 2015
Reminder: 4 days left to register for Global Green Bonds Forum special £455 discount for you, a Climate Bonds Friend. Except if you're an issuer or investor - then it's Free (what a deal!) 29 April, London.
Posted: Mar 10, 2015
The green and climate bonds covered in this week’s blog are: Florida’s second green municipal water bond, an unlabelled climate bond for SolarStar in California and an unlabelled climate bond for transmission links for off-shore Wind in the UK. In other market development news; UK’s Labour Party proposes green retail bonds as an elction policy, Swedish insurers SPP will establish a green bond fund and IFC supports the growth of an Indian green bond market.
Municipal issuance
Florida's City of Venice issues $15.4m green muni bond; 1-25yr tenor, AA, 2-5% coupon
Weekly Update: Florida's City of Venice issues $15.4m green muni / Solar Star Funding $325m & Gwynt y Mor £339.2m ($524m) / UK Labour promotes retail green bonds / Sweden SPP green bond fund / IFC supports green mkt in India
Posted: Mar 7, 2015
Leading Dutch fund manager ACTIAM has joined the Climate Bonds Partner program. ACTIAM (formerly SNS Asset Management) has assets of EUR 46.8 billion (US$53 billion) under management.
Erik Jan van Bergen, Chief Investment Officer at ACTIAM, said:
EUR 45bn fund manager ACTIAM becomes a Climate Bonds Partner, confirms commitment to EUR 1bn portfolio of green bonds
Posted: Mar 5, 2015
Join us in London on 29 April 2015 at the ‘Global Forum for the expanding Green Bonds Market’.
This will be a practical event focused on investors and issuers.
It’ll be an interactive with panel discussions on private placement market, new bond structures, new potential areas for investment, Standards, Green Bond Principles, the role of development agencies & the public sector and more. There will be ‘how to’ insight as well as networking opportunities.
I’ll chair the event and you’ll have a chance to hear from:
Invite: Green Bonds Forum London 29 April– World Bank, IFC, EIB, Aviva, AP4, Unilever, ICMA +more! Co-hosted by Climate Bonds. Free for issuers & investors. Register by 15 March to get £455 discount!
Posted: Mar 3, 2015
North Rhine-Westphalia is the most populous state in Germany, as well as the fourth largest by area. It's still not clear whether it's a green bond or an "SRI" bond; whichever, it'll be the first from a German State.
NRW Bank will come to market with a green bond again in Sept/Oct (and will soon release their green bond's first year report).
Oops! I meant North Rhine Westphalia, the State not the Bank, is about to do a bond.
Posted: Mar 3, 2015
EIB taps EUR400m from 2019 AAA Climate Awareness Bond — and prices at a negative yield!
Weekly Update: EIB EUR400m ($450m) GB @negative yield! / India’s 1st GB from YesBank closes @INR10bn ($161m), 2x initial / DeutscheBank makes EUR1bn GB commitment / North Rhine-Westphalia brewing / Thai Govt oilco to issue GB
Posted: Feb 26, 2015
- Tomorrow I’m giving a lecture at Yale University on green bonds and climate bonds. If you’re on campus please do join. Klein Geology Lab room 123, on Whitney Ave near Peabody Museum.
- Monday I’m doing the same at the University of Edinburgh in the UK; that’s also open house. Lecture Theatre 4, Business School, University of Edinburgh, 29 Buccleuch Place.
Talks coming up: Yale 4pm Thurs (today), Edinburgh Uni 4pm Monday / NYC legal issues roundtable this Friday / Solar Finance conf London 10 March / Sydney 16 March / Wellington NZ 19 March
Posted: Feb 21, 2015
Big news from the World Bank this week with two green bonds issued: the first is a long 30 year tenor for insurance giant Zurich and the second is the World Bank’s biggest ever green issuance of $600m. Repeat issuance seems to be the theme of the week with another green bond from Swedish property company Vasakronan.
Weekly update: World Bank issues its longest ever tenor: 30yr $34m + its biggest ever: $600m green bond in same week. More from Vasakronan: $14.2m + green bonds in EU Cap Mkt Union green paper
Posted: Feb 19, 2015
Monday. I’m in Delhi, in the bowels of the old, once-splendid Ashok Hotel, caught in a scrum of people trying to get our RE Invest conference registrations. “I guess it’s just crowded India” I think, then the guy behind the desk tells me they’ve had twice as many registrations as expected for this year’s conference, and people are still coming in. Ahhh.
Oooh India!! Yes Bank going for India’s first green bond / India’s amazing renewables buzz / Minister asks “how can we help?” – that’s the kind of Minister we want / Indian Green Bond Mkt Dvlpt Cttee
Posted: Feb 15, 2015
Jan 2015 media digest: stories in FT, India’s Economic Times, Reuters, Bloomberg and more!
2014 has been a breakthrough year for green bonds with issuance reaching US$36.6 billion. Media coverage matched the momentum. Here is what media have been saying so far in 2015:
Financial Times, Are green bonds a fair weather phenomenon?, by Ralph Atkins
Author of the article says that enthusiasm for green bonds is currently running high and talks of ‘an exponential growth’. He also wonders if green bonds will be resilient to potential storms hitting the global financial systems:
Jan 2015 media digest: stories in FT, India’s Economic Times, Reuters, Bloomberg and more!