German bank to launch 'sustainable' covered bonds
German bank Munchener Hypothekenbank (MunchenerHyp) is preparing to launch a €300 million ($388 million) issue of sustainable covered bonds, or Pfandbriefe, later this month.
DC Water increases size of 100-year green bond, plans more
The District of Columbia Water and Sewer Authority (DC Water) has increased the size of its landmark 100-year green bond to $350 million from a planned $300 million, in response to strong investor demand.
Moody's anticipates Aaa ratings for Toyota green bonds
Moody's Investors Service has assigned provisional Aaa ratings to the bulk of a $1.25 billion issue of 'green' asset-backed securities expected to be issued soon by Toyota.
Rating agencies are 'not adequately taking ESG into account'
Credit rating agencies are currently failing to adequately take account of environmental, social and governance (ESG) issues, a conference heard, with some market participants rating their performance as just three out of 10.
Stranded assets alert
Nicholas Stern has warned that many oil and gas and mining companies may be overvalued, in a 'bubble' that would threaten the security of global financial markets. Peter Cripps and Katie Kouchakji report