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Invitation to Canadian event on Bonds and Climate Change report, Sept 24th, Toronto
Posted: Sep 3, 2013

Please join us for a breakfast event in Toronto on Tuesday September 24 where Sean Kidney will be presenting Bonds & Climate Change: the State of the Market 2013  at The Economic Club of Canada.

The talk will include discussion on: 

  • The existing $346 global climate/green bond market, including Canadian issuance.

  • Demand drivers going forward, including an introduction to the new $21 trillion Global Investor Coalition for Climate Change.

  • Prospective issuance / opportunities for investing in climate-themed bonds in the coming year.

  • Hurdles faced by the climate bond market and its future potential.

  • Benefits and options for green bond issuance in Canada.

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Invitation to Canadian event on Bonds and Climate Change report, Sept 24th, Toronto
Invitation to Webinar on Bonds & Climate Change rpt, Wed 11 Sept: Los Angeles 09:00 / Denver 10:00 / Chicago 11:00 / NYC 12:00 / London 17:00 / Paris 18:00
Posted: Aug 28, 2013

Join us for a presentation and discussion of the Climate Bonds Initiative report ‘Bonds & Climate Change: the State of the Market 2013’, commissioned by HSBC.

The webinar will include comments from Nick Robins (HSBC) and Sean Kidney (Climate Bonds Initiative) on current findings as well as hurdles and future potential. There will be time for questions and discussion.

The webinar is kindly hosted by the Principles for Responsible Investment

Report findings:

  • Total universe of climate themed bond market = USD356bn  (outstanding)

  • The issuance of new climate-themed bonds was USD74bn in 2012, up 25% on 2011

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Invitation to Webinar on Bonds & Climate Change rpt, Wed 11 Sept: Los Angeles 09:00 / Denver 10:00 / Chicago 11:00 / NYC 12:00 / London 17:00 / Paris 18:00
Sth Africa's Nedbank retail green bonds meets their R4bn ($393m) year one target. Over 20% from new customers. Giving customers a chance to vote with their savings.
Posted: Aug 17, 2013

Nedbank's Green Savings Bond is a bog-standard bank offering for retail customers, except that funds are channelled to financing renewable projects under the South African Government's ambitious sustainable energy policy.

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Sth Africa's Nedbank retail green bonds meets their R4bn ($393m) year one target. Over 20% from new customers. Giving customers a chance to vote with their savings.
Solar eligibility criteria under Climate Bond Standard released for comment: all PV yes; CSP yes, but only if FF back-up is less than 15%; supply chain criteria still to come
Posted: Aug 16, 2013

The Solar Technical Working Group under the Climate Bond Standard and Certification Scheme have today published criteria for solar assets for bond certification.

 

The criteria are now subject to a 30 day period of public consultation - if you're interested you can comment on this page (see below). You can also see read the background paper and rationale for the criteria.

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Solar eligibility criteria under Climate Bond Standard released for comment: all PV yes; CSP yes, but only if FF back-up is less than 15%; supply chain criteria still to come
China’s State Council (the Chinese govt's cabinet) has decided to encourage green corporate bonds as part of its financial market reforms. Bravo! Will the EU and the US follow?
Posted: Aug 15, 2013

China's State Council, the Chinese Government's cabinet, last week published an important and comprehensive plan to maintain a 15% annual growth for low carbon and environmental protection industries - with an important extra element.

The plan talks about opening up debt instruments as a means of financing growth in this area and proposes:

  1. Encouraging environment protection companies to issue green securities, including bonds.

  2. Establishing a loan grading system for environment friendly projects.

  3. Allowing private corporations to issue green bonds, or more specifically, bonds for energy saving and environmental protection.

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China’s State Council (the Chinese govt's cabinet) has decided to encourage green corporate bonds as part of its financial market reforms. Bravo! Will the EU and the US follow?
World Bank is back with 2yr, $550m green bond, AAA, placed with asset managers, pension & insurance funds in US and EU
Posted: Aug 13, 2013

Three weeks after adopting a new energy policy that axes coal lending, the World Bank is back with a new $550m, 2 year Green Bond, AAA. The bond coupon is 0.375%, slightly better than US Treasury bonds. (Rates sure a low, aren't they!)

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World Bank is back with 2yr, $550m green bond, AAA, placed with asset managers, pension & insurance funds in US and EU
Reminder: Invitation to Webinar on Bonds & Climate Change report, Thurs 15 Aug
Posted: Aug 12, 2013

Join us for a presentation and discussion of our Bonds & Climate Change : the State of the Market 2013 report, commissioned for HSBC.

This webinar is kindly hosted by the Principles for Responsible Investment

Time: Sydney 17:00 / Hong Kong 15:00 / Delhi 12.30 / Dubai 11:00/ 9.00 Joh’burg / London 8:00

Login details:

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Reminder: Invitation to Webinar on Bonds & Climate Change report, Thurs 15 Aug
Climate Bonds is recruiting a Standards program coordinator
Posted: Aug 6, 2013

The Climate Bonds Initiative is looking for an energetic person to coordinate the Climate Bonds Standards program (governance, working group management, technical briefings, consultation, preparing information materials and providing advice to prospective issuers), and manage a other projects as opportunities arise.

We're a small team, so flexibility and self-direction are important. The position is based in London, UK. Salary: competitive NGO rate. Start: September.

Essential: depth of knowledge of low carbon and climate resilient solutions across economic sectors; self-direction; experience working internationally; flexibility and ability to act quickly.

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Climate Bonds is recruiting a Standards program coordinator
China's Longyung Power issues 3yr, BBB-, $300m wind bond
Posted: Aug 6, 2013

FinanceAsia reports that China's state-owned Longyung Power, the country's biggest producer of wind power, has issued a 3 year, $300m bond, with a yield of 3.43%. The bond was under-subscribed; they had targeted $350m.

Buyers were 43% banks, 45% fund managers, 6% central banks and sovereign wealth funds and insurance funds, private banks 4% and insurance and pension funds only 2%. Goldmans Sachs and Wing Lung were the joint global coordinators, with Agriculture Bank of China, Citic Securities, Morgan Stanley and UBS all involved in the sale.

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China's Longyung Power issues 3yr, BBB-, $300m wind bond
EIB does another Swedish Krona 400m climate bond ($60m)
Posted: Aug 2, 2013

The European Investment Bank (EIB) this week placed a 7 year, SEK400m ($60m) Climate Awareness Bond with Scandinavian investors. Coupon was 3-Month STIBOR +43bp. Lead manager was Danske Bank.

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EIB does another Swedish Krona 400m climate bond ($60m)
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