By Bridget Boulle
In the April-June quarter this year SEB, a Swedish bank, again took the top spot in our Green Bond Underwriters League Table, followed by HSBC, a large global bank, who had a very good quarter, and Credit Agricole CIB.
Climate Bonds Blog
Posted: Aug 13, 2014
Q2 Green Bond Underwriters League Table: SEB, HSBC & Credit Agricole take top spots
Posted: Aug 8, 2014
NRG Yield Operating LLC yesterday announced it had issued a $500 million bond to finance the purchase of the Alta Wind facility in California. It's 10-year corporate bond with a 5.37% coupon. Alta Wind has 947MW of operating wind capacity. NRG Yield is rated Ba1 by Moody's.
USA's NRG Yield issues $500m, Ba1, 10yr, 5.27% green corporate bond to fund renewable energy purchase. Renewable energy firms are beginning to understand benefits of being part of a larger green bonds universe
Posted: Aug 7, 2014
Trina’s $150m 3.5% 5yr convertible solar bond
Convertibles solar bonds getting interesting? Trina’s $140m & SunPower’s $400m stoke fire, but then Ascent stumbles & SPI Solar is mysterious. Hmmm, convertibles are complicated, but we should continue counting them, right?
Posted: Aug 7, 2014
By Rozalia Walencik
Structured Finance Associates partnering with Los Angeles County, has issued an $6.9m PACE bond(Property Assessed Clean Energy bond) with proceeds financing energy efficient improvements to the “d2Dusit constance pasadena” project. Structured Finance worked with Celtic Bank to arrange the funding.
A little one: $6.9m PACE bond finances EE in Californian hotel
Posted: Aug 7, 2014
Join us for a presentation and discussion of our Bonds & Climate Change : The State of the Market 2014 report, commissioned by HSBC. Download the report here.
Invitation: Free August Webinars on ‘Bonds & Climate Change: The State of the Market in 2014’. August 19th / 22nd / 28th. Times for North America, EU, Gulf, Asia/Australia time zones.
Posted: Aug 3, 2014
July saw the first “labeled” green bond in the Asian market - from Taiwan’s ASE. Great news.
Indian clean energy player Greenko issues $550m, 5 year, high-yield (B) corporate bond to re-finance portfolio of wind farms. 3x oversubscribed gives 50bps pricing benefit. Unlabeled, but still green.
Posted: Aug 1, 2014
Analysing the green bond media coverage in July brings an obvious conclusion: the momentum is growing. We now find ourselves in a position of having to heavily filter the coverage for this digest. – and this month we have chosen 28 media stories worth sharing with you.
Lots of media coverage in July digest: FT, Economist, Forbes & much more
Posted: Aug 1, 2014
By Bridget Boulle
UK retailer Sainsbury’s recently announced that it’s joining the green debt space with the first ‘green loan’ to invest in carbon reduction and sustainability projects.
The loan will be used to finance renewables, energy efficiency, water use management and carbon reduction, some of which are part of the company’s Project Graphite – a plan to invest in various technologies such as photovoltaics and LED lighting in their stores.
UK retailer Sainsbury’s 5yr GBP200m “green loan” opens up a whole new area for green debt instruments
Posted: Jul 25, 2014
I’m in Cambodia, visiting the amazing Ankgor Wat, ancient religious centre of a city that apparently had a population of half a million people in 1200 AD. The temple’s bas-reliefs are full of triumphal armies, marching through exquisite carvings of trees and forests. They liked their green.
We haven’t yet seen a lot of green bond action in Asia – just Kexim a year ago – but things may be about to change.
Taiwan's ASE issues Asia's first corporate green bond - $300m, BBB, 6yrs - and it's SIX times oversubscribed!! Asian green bonds may be about to blast off.
Posted: Jul 22, 2014
The Dutch fund manager ACTIAM has joined the Climate Bonds Standard Industry Working Group. ACTIAM used to be called SNS Asset Management (SNS AM).
ACTIAM has EUR 44.2 billion of assets under management (@ Dec 2013). It has a long history of using a responsible investment approach across its activities. ACTIAM already has several hundred million of Euro green bonds on its books, for a wide range of clients.
EUR 44bn ($58bn) Netherlands fund manager ACTIAM (formerly SNS AM) joins Climate Bonds Standard Industry Working Group to help develop green bonds eligibility criteria.