China news: corporate bond market booms / Govt cautiously allows bond trading while tightening scrutiny / Beijing Jingneng Clean Energy issuing $567m of bonds

> The Financial Times recently reported that China's economy is slowing, profits are falling and its stock market is drifting down, but its corporate bond market is moving in the exact opposite direction: it is booming. Bond issuance was up about 60 per cent by volume in the first half of 2012, compared to last year. The major reason for this has been regulatory reform, with officials clearing away some of the obstacles that have stood in the way of the development of the bond market.

Snippets: French province issues €119.5m green-SRI bond / S&P says we need bonds to finance renewables / EDHEC study says Solvency II will reduce lending to business / Greenland’s big melt

> French region Provence-Alpes-Côte d’Azur has issued a 12 year, AA-rated, €119.5m “socially responsible” bond with 75% of proceeds going to environmental projects (renewable energy, energy efficiency, transport) and 25% to social housing. The bond was significantly over-subscribed. Coupon is 3.6%; joint bookrunners were Crédit Agricole CIB (bravo Tanguy Claquin!) and HSBC France. Insurance companies made up 58% of investors, followed by asset managers at 33%. A third French, almost a third German, and the rest divided between Belgian and Dutch.

Join us for 'Bonds & Climate Change' report Webinar 11-12 July / Reminder invite: 3 July, Peggy Liu on China renewables

You're invited to join Nick Robins from HSBC and Sean Kidney from the Climate Bonds Initiative present a Webinar about the recent ClimateBonds/HSBC report on "Bonds and Climate Change: State of the Market 2012". The report shows that there are $174 bn of climate-themed bonds outstanding in seven different investments areas.

There are two Webinar time options you can choose from:

Windreich BBB+ wind energy bond / Local Govt PF makes climate bonds allocation / Diary alert 3 July: Peggy Liu on China energy / Clements-Hunt+Damerow join CB Adv Panel

> German wind company Windreich has placed another €5m of 5 year bonds, taking their issuance to €75m in total. The bond has an investment grade BBB+ rating - wind energy bond ratings are improving all the time! Interest rate is 6.5%.