People Moves 18 November: EFRAG, NBIM, IFC & more
Nordea issues innovative 'sustainability-linked loan' bond
Nordic lender Nordea Bank has raised $400 million from a bond to support its sustainability-linked loan (SLL) financing activity, a transaction which one investor in the multi-tranche deal described as an "innovative and creative" way for banks to scale such lending.
Boom time for green bond funds
Green bond funds reported sizeable assets growth in 2019, Ahren Lester explains, as the green bond market benefitted from rising market credibility and the arrival of ubiquitous corporate names.
Riksbank divestments ‘open floodgates’ to questions on climate divestment
The Swedish Riksbank’s climate-related divestment from carbon-intensive issuers is set to ramp up the pressure on other investors who hold the bonds, demonstrating the potential influence of central banks on climate change, market observers have said.
Green bond funds struggle in tough 2018
In a tough year for fixed income markets, most green bond funds lagged their benchmarks. Peter Cripps and Elena K. Johansson report
NIB prices inaugural blue bond
Nordic Investment Bank (NIB) has priced a "landmark" blue bond to help protect and rehabilitate the Baltic Sea.
The growing pains of green bond funds
A lack of size, diversification and awareness are among the main challenges facing the fledgling green bond market, a poll of fund managers has revealed. Molly Wilson reports
'World's largest' green bond fund expands by one-third
Swedish pension provider SPP's green bond fund has grown its assets by about one third in the past year, to SEK 3.7 billion ($462 million), as it achieved its three-year track record.
Green bonds turn social
With a slew of 'sustainability' bonds coming to market in recent weeks, Sophie Robinson-Tillett looks at what the trend – and an imminent set of Social Bond Principles – means for the green bond market
Setting the standard
As the market grows, so too does the number of companies and organisations 'defining' what is acceptable as a green bond. Sophie Robinson-Tillett looks at the patchwork of offerings and how they are set to develop