News

Bonds round-up 23 October 2019

CalSTRS plans $300m green bond

A $300 million green bond issue is planned to fund a new office building to be constructed by the California State Teachers' Retirement System (CalSTRS).

Hagibis may hit insurers for $16bn warns AIR Worldwide

Industry insured losses from typhoon Hagibis, which devastated large parts of Japan earlier this month, will range from JPY865 billion to JPY1.73 trillion ($8 billion to $16 billion), catastrophe risk modeller AIR Worldwide has predicted.

Insurers and pension funds plan increase in real asset holdings

European insurance companies and pension funds expect to increase their allocations to real assets over the next 12 months and 90% say environmental, social and governance (ESG) issues will be an important consideration in these investments.

CDP maps its data and tools onto EU sustainable finance measures

CDP (formerly the Carbon Disclosure Project) has issued guidance to help investors, policy-makers and others implement various measures called for under the EU Action Plan on Sustainable Finance.

Japanese typhoons won't dent insurers' capital

Japan's three major non-life insurers will not be severely impacted by typhoons Faxai and Hagibis, according to rating agency AM Best.

Cubico agrees first green loan for Italian wind assets

Renewables firm Cubico Sustainable Investments has achieved financial close on its first green loan for the refinancing of three wind assets in Italy.

Spain's ICO to join Clean Oceans Initiative

Spanish development bank, Instituto de Credito Oficial, has commitment to join the Clean Oceans Initiative which aims to finance €2 billion ($2.2 billion) of projects targeting marine pollution, particularly plastic waste.

Singaporean REIT signs SGD670m green loan

Mapletree Commercial Trust Management (MCTM) has agreed a SGD670 million ($492 million) green loan with a syndicate of five banks.

High-emitters' climate disclosures 'fail to quantify financial impact'

The climate-related financial disclosures by most US and European companies in 'environmentally sensitive' industries do not quantify the potential financial impact of climate change on their business, according to Moody's.