Climate Bonds Blog

Posted: Nov 10, 2015 by Andrew Whiley

US$ 217 million allocated for energy efficiency Green Bond in LATAM & Caribbean 

First round of UN Green Climate Fund projects kick-starts green securitisation markets in Latin America
Posted: Nov 9, 2015 by Andrew Whiley

Working together to provide data and insight that supports rapid growth in the green bond market

The Climate Bonds Partner family continues to grow!

The Climate Bonds Initiative Welcomes Thomson Reuters as a Climate Bonds Partner
Posted: Nov 5, 2015 by Andrew Whiley

The Mexican state-owned development bank, Nacional Financiera S.N.C (Nafin), issued its inaugural green bond of $500m. The bond is the first green bond in Mexico, and also the first green bond in Latin America to receive internationally recognised Climate Bonds Certification by the Climate Bonds Standard BoardRated as A3 (Moody’s) and BBB+ (Fitch), the bond offers a coupon of

Viva Mexico! Viva Nafin! First Mexican green bond – issued by Nafin & certified under the Climate Bond standard making it the first certified green bond in Latin America ($500m, 3.41%, BBB+ / A3, 5 yrs)
Posted: Nov 5, 2015 by Andrew Whiley

The first green bond from Mexico issued by Nacional Financiera (Nafin), certified by Climate Bonds!! Check out our blog for full details!!

We see municipalities and development banks quickly catching up on green bond issuance over the past week or so! For three key issuances covered in this blog, we as usual share our thoughts on the green credentials of these bonds and further dive into the eligible projects under use of proceeds. 

 

Municipal green bonds

State of Hawaii issued its 2nd green bond to preserve land and habitats ($35m, 2.0-3.5%, AA/AA/Aa2, 3-10 yrs) 

Update: 1st GB from Mexico by Nafin, Climate Bonds Certified!! 3 reasons to get excited about Canada & GB’s; 1st JPN corp GB from SMBC, Hawaii’s 2nd GB, KfW GB $1.5bn. Oct issuance tops yr. Sustainability bonds from DBJ & BNG explained
Posted: Nov 3, 2015 by Andrew Whiley

We are extremely excited to welcome BlackRock Inc as our most recent Climate Bonds Partner. A global leader in investment management, risk management and advisory services for institutional and retail clients, BlackRock manages $4.721 trillion of assets under management (as of June 30 2015). As of yesterday it has signed up as a Climate Bonds Partner.

Kevin Holt, Co-head of the Americas Fixed Income said:

BlackRock becomes a Climate Bonds Partner
Posted: Oct 27, 2015 by Andrew Whiley

Thursday 29 Oct 2015 09:00 San Francisco / 10:00 Mexico City / 12:00 New York / 16:00 London / 17:00 Paris

Duration: Approx. 1 Hour with Q&A.

Register here

Event Invitation: Climate Bonds Initiative Webinar - Standards for Agriculture, Forestry and Other Land Use (AFOLU) Investments
Posted: Oct 26, 2015 by Andrew Whiley

Image: Russian Railways, Railway Gazette

Public Consultation Opens on Low Carbon Transport criteria under the Climate Bonds Standard
Posted: Oct 21, 2015 by Andrew Whiley

LONDON: 11:00 BST 21/10/2015: We are pleased to announce that major global asset manager Allianz Global Investors have become a Climate Bonds Partner today.  The active investment manager manages €446bn (as of June 30, 2015) for institutional and retail investors and is also a signatory on the Climate Bonds Initiative’s Investor Statement re: green bonds and climate bonds.

Franck Dixmier, Global CIO Fixed Income at Allianz Global Investors said:

Allianz Global Investors becomes a Climate Bonds Partner
Posted: Oct 19, 2015 by Andrew Whiley

Q3 sees the biggest single issuance this year so far of $1.1bn (thanks to NWB Bank) and overall total issuance is $6.9bn for the quarter. The green bond market has slightly slowed from a high in Q2. But, it seems like the issuance is going up in size – the average in Q3 bonds ($204m) is well above the Q2 figure of ($144m).

$6.9bn green bonds in Q3 as JP Morgan tops the qtrly underwriters league table; HSBC 2nd & Bank of America Merrill Lynch 3rd
Posted: Oct 16, 2015 by Andrew Whiley

Highlights positive role of green bonds and practical examples from around the world

Lima: Last week the UNEP Inquiry launched its final report ‘The Financial System We Need – Aligning the Financial System with Sustainable Development’.  Another exciting output of a very busy time in Lima!

UNEP Inquiry issues final report on financial system for sustainable development