Latest stories on Socially Responsible Investments

  • Lehman ABS alumnus lands at PACE shop

    Sei-Hyong Park, who formerly worked in Lehman Brothers' securitization division, is now at Property Assessed Clean Energy (PACE) platform Renew Financial.

    • 22 Jun 2017
  • Green market doesn't need govvies

    Market participants are clamouring for sovereigns to join France and enter the green bond market. It would likely help the market, but would it help the environment?

    • 22 Jun 2017
  • Sovereigns deaf to clamour for green bonds

    Calls are growing louder for sovereigns to pull their weight and assume a leading role in the development of the green bond market. But, as was demonstrated at panels in Euromoney’s Global Borrowers & Bond Investors Forum this week, many of them are reluctant to take up the SRI baton, write Lewis McLellan and Sharon Kimathi.

    • 22 Jun 2017
  • Spruce closes energy efficiency and solar loan portfolio sale

    Spruce Finance, which finances residential energy efficiency projects and solar installations in the US, sold a $250m loan portfolio to an undisclosed North American bank on June 21.

    • 22 Jun 2017
  • European railway issuers on track for green MTNs

    Two European railway operators, Eurofima and SNCF Réseau, plan to sell green bonds through the private placement market in the near future.

    • 22 Jun 2017
  • RATP steams into green market

    Régie Autonome des Transports Parisiens (RATP), the Paris transport authority, printed its inaugural green bond on Thursday, selling a €500m no-grow into a thrice oversubscribed book and pulling the price in 5bp from guidance.

    • 22 Jun 2017
  • China’s push to internationalise debt goes to Luxembourg

    The Luxembourg Stock Exchange (LuxSE) signed an agreement this week with the Shanghai Stock Exchange (SSE) for a green bond index, the latest move by China to boost its green credentials and entice international investors. Morgan Davis reports.

    • 22 Jun 2017
  • REC flips on green bond switch

    India’s Rural Electrification Corporation (REC) has mandated banks for a green dollar bond, a first for the company.

    • 22 Jun 2017
  • Moody’s Ghosh calls for ‘sovereign leadership’ in green bonds

    Emerging market governments must lead the way in green bonds to encourage corporates to enter the market around the world, according to Rahul Ghosh, a senior credit officer at Moody’s.

    • 20 Jun 2017
  • Sustainable and Responsible Capital Markets Poll - Vote now

    Follow the VOTE NOW link to have your say in GlobalCapital's inaugural Sustainable and Responsible Capital Markets Poll. You have until Friday 14 July to cast your vote.

    • 20 Jun 2017
  • Luxembourg, Shanghai bourses team up for RMB green bond index

    The Luxembourg Stock Exchange (LuxSE) has signed an agreement with the Shanghai Stock Exchange (SSE) to launch a green bond index that will provide synchronous quotes in China and Europe.

    • 20 Jun 2017
  • LuxFLAG launches green bond label

    The Luxembourg Financial Labelling Agency launched on Monday a label for green bonds, assuring investors that bonds bearing the stamp meet LuxFLAG’s criteria of quality.

    • 19 Jun 2017
  • GBP set new Social Bond Principles, guide brown issuers

    Enthusiasm for green and social bonds is mounting, and revisions to the Green Bond Principles (GBP) announced this week may give the market a further lift. Many of the same debates still exercise market participants as in the past, but they appear less daunted by these conundrums.

    • 15 Jun 2017
  • TenneT green bond attracts quality bid

    TenneT, the Dutch electricity grid company, brought a €1bn dual tranche green bond issue on Monday that was oversubscribed, but by less than other recent deals. However, the quality of the book helped both tranches perform in the secondary market.

    • 15 Jun 2017
  • EU green finance group considering reg cap cuts

    Cutting regulatory capital charges for green loans is one idea being considered by the EU’s High Level Expert Group on Sustainable Finance, which is due to make its first report on July 18.

    • 15 Jun 2017
  • Trump stance throws doubt on TCFD hopes

    Hopes that the recommendations of the Task Force on Climate-Related Financial Disclosures will be adopted by the G20 have been cast into doubt by the US’s swing away from international action on climate change under President Trump, green finance experts said this week.

    • 15 Jun 2017
  • Corporate market enjoys calm before jumbo storm

    The double whammy of the US Federal Reserve meeting and a public holiday across parts of Europe slammed the brakes on an already slow week of corporate bond issuance on Thursday. However, bankers are confident that the last few weeks of June will go out with a bang rather than a whimper.

    • 15 Jun 2017
  • Three Gorges green bond proves a blowout

    China Three Gorges Corp sealed its inaugural offshore green bond on Wednesday, raising €650m from a seven year deal. The notes were sold at a tight spread, with bankers saying that the “European style” execution was due to strong demand from investors.

    • 15 Jun 2017
  • Three Gorges prints debut euro green bond

    Hydropower company China Three Gorges Corp raised €650m from its inaugural offshore green bond, pricing it inside theoretical fair value. The issuer has a natural need for euros, and its deal, unlike most notes sold in the currency by Mainland issuers, was executed in a “European style” due to strong demand, said bankers.

    • 15 Jun 2017
  • China Three Gorges starts flow of Asian green bonds

    China Three Gorges Corp, the state-owned hydropower company, brought its first euro denominated green bond on Wednesday. The €650m seven year deal came a year after the company issued its first green bond in remnimbi.

    • 14 Jun 2017

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Global Green Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 07 Jun 2017
1 Citi 3,248.80 17 7.48%
2 Credit Agricole CIB 2,946.19 18 6.79%
3 SG Corporate & Investment Banking 2,607.33 7 6.01%
4 BNP Paribas 2,458.85 13 5.66%
5 HSBC 2,405.17 18 5.54%