ELFA, ICMA publish high-yield SLB guidance to 'enhance effectiveness'
Recommendations have been published to "enhance the impact and effectiveness" of the high-yield sustainability-linked bond (SLB) market, after areas of "unique" inconsistency and inadequacy were identified.
Sustainability-linked loan market 'moving away' from ESG ratings
High yield, loan borrowers urged to 'come prepared' on ESG data
Companies looking to raise funds through high yield bonds or loans have been urged to "come prepared" with key environmental, social and governance (ESG) data for investors to improve engagement opportunities.
High-yield, leveraged debt provides 'more direct' ESG engagement
"More direct" access to management in high-yield bond and leveraged loan markets sometimes provides "much better" engagement opportunities on environmental, social and governance (ESG) topics, according to a group of credit investors.
ELFA, LMA outline sustainability-linked leveraged loan 'best practice'
'Best practice' guidance has been issued for completing the terms of sustainability-linked leveraged loans, including advice for transactions...
ELFA calls for ESG data scale-up across leveraged loans
The European Leveraged Finance Association (ELFA) has found that environmental, social and governance (ESG) data vendor coverage is "severely lacking" for leveraged loans and high yield bonds, compared to investment grade companies.
Risk of getting sustainability-linked loan structures wrong is 'very real'
The risk of getting the structure of sustainability-linked loans (SLL) wrong is "very real," warned two loan market industry associations, as they caution that "inappropriately" formulated loans should not "take root" in Europe.