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Bond round-up: NBN, Auckland, CEB ... and more
27 March 2024 -
NZBA hits back at 'premature' criticism
27 March 2024It is "premature" to criticise members of the Net-Zero Banking Alliance (NZBA) for not overhauling their practices to tackle climate change because the initiative is still young, it has argued.
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ESMA launches EU green bond external reviewer consultation
27 March 2024The European Securities and Markets Authority (ESMA) launched a consultation on the draft technical standards it plans to use for the registration and supervision of external reviewers of bonds issued in line with the EU Green Bond Standard (EU GBS).
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EU work on SLB regulation may come too late, says IEEFA
27 March 2024European Commission work on regulating sustainability-linked bonds (SLBs) may come too late to help reach 2030 climate goals, according to a think tank.
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NZBA has little impact on decarbonisation, ECB paper says
26 March 2024Signatories to the Net-Zero Banking Alliance (NZBA) "are neither divesting nor engaging differently from banks without a climate commitment," a group of economists said in a report.
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L&Q faces SLB coupon 'step-up' on target miss
25 March 2024UK social housing charity London & Quadrant (L&Q) said it was "likely to miss" a greenhouse gas (GHG) emissions target linked to its ground-breaking sustainability-linked bond (SLB), triggering an additional £3 million ($3.8 million) of coupon payments.
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SLB step-ups a long way from being financially punitive, says Barclays
25 March 2024The penalties for missing the targets set by sustainability-linked bonds (SLBs) would have to be at least 10 times what the market currently offers to be big enough to incentivise companies to change their behaviour, Barclays has argued.
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Sustainability-linked bond issuance limps into 2024
25 March 2024Sustainability-linked bond (SLB) issuance has had its weakest start to a year since the publication of principles boosted the market in 2020, according to Environmental Finance research.
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Australia debut green bond expected from mid-May
22 March 2024Australia will issue its debut 10-year sovereign green bond between mid-May and the end of June, it emerged, as the sovereign announced it will launch investor roadshows from April.
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Loan round-up: BBVA, Resilient, Wilmar and more
21 March 2024