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The EU Green Bond Standard (EU GBS) has taken another formal step towards its final passage into law after the European Council officially adopted the first regulation for green bonds in the world, clearing the way for its final signing into law by late November.

Investors are not pricing in the expected Enel sustainability-linked bond (SLB) target miss at the end of 2023 which could trigger a coupon step-up for more than $10 billion worth of debt, according to the Anthropocene Fixed Income Institute (AFII).

Calvert Impact Capital has issued its first 'Cut Carbon Note', with future deals expected to grow the amount raised by the performance-incentivised instrument to $400 million.

Total sustainable bond issuance from Middle East issuers is already at a record annual total in 2023 as corporates and sovereign issuers set new highs ahead of what could be a busy final three months.

Sustainable bond issuance in the third quarter of 2023 sunk to levels not seen for three years, as green bonds struggled to cross the $100 billion quarterly total for the first time since 2020.

Chile has raised UF24 million ($925 million) from its first sovereign sustainability-linked bond (SLB) issued in the local non-circulating currency, with the inflation-linked deal more than three times oversubscribed and attracting international investors.

A sustainable fixed income investor prefers dedicated green and social bonds over sustainability bonds because they perform better in secondary markets.

The Brazilian government has confirmed as much as 18% of its debut sovereign sustainability bond will be committed to biodiversity projects, with clean transport, renewable energy and combating poverty also key financing targets for its maiden bond.