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Regulation will wreck ESG

The View

Regulation will wreck ESG

There are growing calls to build all-encompassing regulatory structures around environmental, social and governance ratings and disclosures. This is the wrong course of action and will undermine efforts to achieve the overarching goal, which is fighting climate change.

Corporate Bonds News Archive

  • Valeo deal must prompt Scope 3 refocus

    Valeo deal must prompt Scope 3 refocus

    It’s time for investors to pressure borrowers to emphasise Scope 3 emissions if they want to make the difference to climate change they claim they do.

  • European IBs look to loosen purse strings

    European IBs look to loosen purse strings

    After several quarters of strong performance among European investment banking businesses, there are signs that firms are satisfied with cost cutting measures and are prepared to resume investment instead.

  • Jefferies eyes IB big league with SMBC alliance

    Jefferies eyes IB big league with SMBC alliance

    Aligning with a global commercial bank has been on Jefferies’ agenda for several years, but its alliance with SMBC signals an intent to join the investment banking big league. By David Rothnie.

  • Lloyds to reshape DCM as top bankers leave

    Lloyds to reshape DCM as top bankers leave

    Lloyds Bank has formulated a succession plan to prepare for the departure of Allen Appen, its head of bond financing, as another senior figure prepares to leave its debt capital markets group.

  • Barclays shakes up capital markets, M&A teams

    Barclays shakes up capital markets, M&A teams

    Barclays has made several further promotions across its capital markets and M&A teams in London and New York, a week after rolling out a new global investment banking management structure.

  • Hard landing: Avic nets €200m

    Hard landing: Avic nets €200m

    Avic International Leasing Co turned to the euro market on Tuesday for a sub-one year bond, but the deal’s short tenor and a rough issuance backdrop led to tepid investor response.

  • Valeo and Nasdaq breeze through quietest July in years

    Valeo and Nasdaq breeze through quietest July in years

    Valeo, the French auto parts maker, and US exchange company Nasdaq brushed off any worries of contagion from a weak sterling market to print bonds in euros flat to fair value on Tuesday, with the issuers able to take full advantage of the an exceptionally quiet market.

  • PMM: Investors shy away as supply dries up

    PMM: Investors shy away as supply dries up

    The primary market was much quieter last week with only two markets active — SSA and corporate bonds. Total issuance in those markets fell to 32% and 18% of their 2021 weekly averages, respectively.

  • Adani Ports steers through rough waters for $750m deal

    Adani Ports steers through rough waters for $750m deal

    Adani Ports and Special Economic Zone locked up a $750m dual-tranche bond on Monday. But the deal was not easy for the Indian borrower, as negative headlines at home and a volatile Asian market kept many investors away. Morgan Davis reports.

  • London housing associations plot ESG bond splurge

    London housing associations plot ESG bond splurge

    Four of London’s biggest housing associations are moving closer to issuing debut sustainability bonds, after Metropolitan Housing became the third from an influential group of associations to print debt using the structure.

  • Nasdaq heads to euros after spinoff announcement

    Nasdaq heads to euros after spinoff announcement

    Nasdaq, the US securities trading marketplace, has mandated for an SEC-registered euro benchmark bond, days after the company announced it was spinning off its private market business into a new standalone joint venture.

  • Luso Bank prints Macau’s inaugural Panda bond

    Luso Bank prints Macau’s inaugural Panda bond

    Luso International Banking became the first Macau-based issuer to sell renminbi-denominated bonds in China’s interbank market when it sold a Rmb1.5bn ($231.5m) transaction at the end of last week.

  • Market woes take toll on bonds

    Market woes take toll on bonds

    Increased concerns about the impact and spread of the Covid-19 virus, as well as China property bond volatility, dented the dollar bond market in Asia last week, leading to significant widening in the high yield sector.

  • Ping An builds deal in green market

    Ping An builds deal in green market

    Ping An Real Estate Co raised a total of $600m from two tranches of green bonds on Thursday, capping a strong week for sustainability related transactions in Asia.

  • British Airways brings sustainability-linked EETC

    British Airways brings sustainability-linked EETC

    British Airways issued its first sustainability-linked bond this week, something still very rare in the airline industry. It was one of only a handful of issuers that braved volatility to enter the US corporate bond market this week.

  • BlackRock voting change raises hopes of further progress

    BlackRock voting change raises hopes of further progress

    BlackRock, the world’s largest investor, has upped its game on engaging with companies about environmental, social and governance issues this year, especially climate change, under a new manager. But responsible investment supporters are still hoping for more progress, and that the big investors will make the link between their engagement activities and their support for capital markets issues.

  • Blame game starts after Northern Powergrid pulls plug on sterling bond

    Blame game starts after Northern Powergrid pulls plug on sterling bond

    The wheels fell off the IG corporate sterling bond market this week, with one pulled deal and another that barely scraped through. Accusations and recriminations flew over what caused the trouble, which has likely slammed the doors shut on the sterling market until autumn. Mike Turner reports.

  • Dry landscape: investors lack ways to shed water risk

    Dry landscape: investors lack ways to shed water risk

    Electric cables have melted, tarmac buckled, businesses closed. Forests and towns have burned. The western US and Canada are in the grip of a savage drought. It ought to be called a once in a lifetime event; unfortunately, that is unlikely to be the case.

  • Evergrande sell-off eases but concerns remain

    Evergrande sell-off eases but concerns remain

    China Evergrande Group took a hit to its stock and bond prices this week after a series of negative headlines rattled the market. While the sell-off had some reprieve on Thursday, bankers and analysts said the worst is not over yet, writes Addison Gong.

Corporate Bonds News Archive

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