Ahren Lester

Articles by Ahren Lester

  • AFII founder Erlandsson to rejoin AP4

    17 February 2026

    Anthropocene Fixed Income Institute (AFII) founder Ulf Erlandsson will rejoin Swedish pension fund AP4, with Justine Leigh-Bell taking over as sole CEO at the sustainable fixed income think tank.

  • Sustainalytics exit a 'market loss' that must trigger 'next generation' SPOs

    16 February 2026

    The exit of Morningstar Sustainalytics from the second-party opinion (SPO) business represents a "loss of market integrity" for the sustainable debt market, but continuing providers must embrace greater granularity and innovation to develop the "next generation" tool.

  • 'Digital inclusion' bonds a 'new benchmark' for Asian social finance

    13 February 2026

    'Digital inclusion' bonds have been hailed as "new benchmark" for social finance in the Asia Pacific region by a Japanese bank, with the International Finance Corporation (IFC) arguing they are a "major step forward" for impactful capital markets.

  • SLB commitment from Italian airport operator welcome in barren market

    12 February 2026

    The return to the sustainability-linked bond (SLB) market of Italian airport operator Aeroporti di Roma (ADR) is a positive sign after a particularly poor start to 2026 for the beleaguered performance-based instrument.

  • Aeroporti di Roma raises €500m from increasingly rare sustainability-linked bond

    12 February 2026

    Italian airport operator Aeroporti di Roma (ADR) has raised €500 million ($595 million) from its fourth sustainability-linked bond (SLB), becoming the first major European issuer of the performance-based instrument in 2026 as the market continues to contract.

  • Deutsche Bank issues debut 'EuGB' and expands sustainable finance framework

    11 February 2026

    Deutsche Bank has raised €500 million ($595 million) from its inaugural 'European Green Bond' (EuGB) transaction, as the landmark regulated green bond label hits its biggest monthly volume in February.

  • 'Digital inclusion' bonds have 'untapped potential' in emerging markets

    10 February 2026

    Dedicated 'digital inclusion' bonds could help access the "untapped" digital social finance opportunity in emerging markets, according to Crédit Agricole Corporate and Investment Bank (CA-CIB).

  • Mongolia's XacBank secures $150m green financing facility

    10 February 2026

    XacBank has signed a $150 million syndicated loan facility to support the expansion of its lending to green and inclusive finance in Mongolia, with responsAbility Investments and BlueOrchard among the backers.

  • Sustainable bond market contracts 17% amid major US issuance decline

    10 February 2026

    After four years of $1 trillion annual issuance, US corporates led a sustainable bond pullback to levels not seen since 2020. Ahren Lester reports

  • KfW: Clear standards 'urgently needed' as green bonds tackle emerging themes

    09 February 2026

    There is an "urgent need" for clear standards and reliable data to prevent "varied interpretations" of nascent green bond financing themes, said KfW as the major issuer explores opportunities in climate adaptation, water and the circular economy.