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CA-CIB issues debut 'Sustainability-linked Loan Bond'
19 July 2024French lender Crédit Agricole Corporate & Investment Bank (CA-CIB) has launched a JPY3 billion ($19 million) bond focused on financing a portfolio of sustainability-linked loans (SLLs) following a detailed set of 'best-in-class' practices.
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Masdar raises $1bn from second green bond
19 July 2024United Arab Emirates (UAE) renewable energy firm Masdar has raised $1 billion from its second green bond, a year after the state-owned firm made its green bond debut.
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CBI certification 'very difficult' for Japanese transition bonds
18 July 2024Japan has confirmed it is not looking to certify its upcoming transition bonds with the Climate Bonds Initiative (CBI) due to challenges posed by its diverse framework, including around funding innovative start-ups.
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Financial risk from climate damage may be underestimated by over 80%
17 July 2024Financial losses from climate physical risk could be significantly underestimated, underlining the need for more granular asset-level data in climate risk assessment and stress testing, according to new academic research.
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Investors have 'strong preference' for Capex over Opex in sustainable bonds
17 July 2024Fixed income investors still have a "strong preference" for sustainable bonds focused on capital expenditure (Capex) rather than operational expenditure (Opex), according to a survey by the International Capital Market Association (ICMA).
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Offset-heavy Eni SLB target 'one to watch' for 2024, says AFII
16 July 2024The surprisingly high use of carbon offsets by Italian oil major Eni in its progress towards its carbon emissions target has created an interesting litmus test for issuer and investor behaviours around sustainability-linked bonds (SLBs),...
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Climate change adaptation has 'picked up' in sustainable bond market
15 July 2024The identification of 'climate change adaptation' use-of-proceeds in sustainable bonds has "picked up" over the last couple of years, according to Environmental Finance Data (EF Data).
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Khan Bank to raise $130m from first social bond in Mongolia
12 July 2024Mongolian lender Khan Bank is preparing to raise up to $130 million from the first social bond from a Mongolian issuer.
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Redwheel to acquire sustainable infrastructure investor Ecofin
11 July 2024UK-based investment manager Redwheel has agreed to acquire the assets of $1.4 billion sustainable infrastructure investor Ecofin for an undisclosed fee from Tortoise Advisors, in a move that will expand Redwheel's sustainable product range.
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Almost 30% of SLBs could miss their 2024 targets, says AFII
11 July 2024There have been "strong examples" of impactful sustainability-linked bonds (SLBs) transactions in the market as they approach their 2024 targets, according to the Anthropocene Fixed Income Institute (AFII) ...