Tag: bond market

Sustainable Finance: Indian government concludes sovereign green bond sale of Rs 160 billion

Sustainable Finance: Indian government concludes sovereign green bond sale of Rs 160 billion

March 24, 2023 |

In February 2023, the Indian government concluded the sale of Rs 160 billion in SGBs. The first tranche was released in January 2023, raising a total of Rs 80 billion. Of this, Rs 40 billion was raised for a five-year tenor (2028) at a yield of 7.1 per cent. The remaining Rs 40 billion was issued for a 10-year tenor (2033) at a yield of 7.29 per cent. The second tranche of SGBs was released in February 2023, also for Rs 80 billion, divided into two tranches of Rs 40 billion each.

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Green Bond Pricing in the Primary Market: Report

Green Bond Pricing in the Primary Market: Report

March 24, 2023 | ,

According to the report, all bond labels, including green, social, and sustainability, sustainability-linked and transition bonds (GSS+) offer pricing benefits compared to vanilla equivalents. The analysis – sampling bonds priced in the choppy market period of H2 2022- also revealed green bonds have a strong following of investors which helped get deals over the line in in a faltering fixed income landscape last year.

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USD 236 billion of green bonds added in H1: Climate Bonds Initiative

USD 236 billion of green bonds added in H1: Climate Bonds Initiative

October 26, 2022 |

During H1, green bonds amounting to USD236 billion were added to the Climate Bonds GBDB as Q2 issuance (USD133 billion) picked up slightly compared to Q1 (USD103 billion). May was the busiest month (USD50 million) helped by several large deals from Austria, which priced its first sovereign green bond, a 2049 maturity (EUR4 billon/USD4.2 billion), TenneT (a four tranche deal worth EUR3.85 billion/ USD4.1 billion), and EIB (EUR4 billion/USD4.3 billion).

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ASEAN Sustainable Finance Market 2021: Report

ASEAN Sustainable Finance Market 2021: Report

June 21, 2022 | ,

The sustainable debt market in the 6 largest ASEAN economies continued to grow rapidly in 2021 with record issuance of green, social, and sustainability (GSS) debt totaling USD24bn compared to USD13.6bn in 2020. This growth reflects the regions’ enthusiasm to allocate capital for the response to the COVID-19 pandemic along with facilitating long-term, low carbon, and climate-resilient economic growth. 

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European Green Bond Regulation

European Green Bond Regulation

June 15, 2022 |

Currently, the green bond market is mainly organised through market-based and industry group standards. While these voluntary standards provided a basis for the development of the green bond market, the European Commission aims to provide issuers and investors with a more extensive and uniform regulatory framework with the introduction of a European green bond standard.

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Green Bond China Investor Survey 2022

Green Bond China Investor Survey 2022

April 19, 2022 | ,

Conducted with 42 investment institutions among largest domestic and international green bond investors, the survey reveals that satisfactory green credentials and credit fundamentals are top priorities for furthering the appeal of green bonds coming from China. The purpose of the series is to determine investor attitudes to green bonds and establish what is needed for the market to develop further.

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Green bonds market in India

Green bonds market in India

March 16, 2022 |

Today, there are several investors that have dedicated funds to invest in green bonds, and the Indian government in­ten­ds to heighten the participation of inter­na­tional investors in the domestic bond market. It is expected that the government’s green bonds will set a precedent and are likely to open up the local market further. The issuance will be part of the government’s overall market borrowing of Rs 14.95 trillion in 2022-23, tho­ugh the issue size for the green bonds has not been specified yet.

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Avaada Energy raises Rs 14.4 billion through green bonds

Avaada Energy raises Rs 14.4 billion through green bonds

March 4, 2022 |

Avaada Energy, a solar project developer in India, has announced that it will raise Rs 14.4 billion in green bonds in the Indian capital market at a rate of 6.75 per cent, making it the country’s largest AAA-rated green bond by any renewable energy developer. The bonds are certified by Climate Bonds Standard Board of the Climate Bonds Initiatives and comply with the SEBI criteria for Green Debt Securities. The bonds will be listed on the Bombay Stock Exchange (BSE) and will have a three-year maturity period.

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Green Bond Market in China

Green Bond Market in China

October 5, 2021 |

China has, for the last 6 years, been one of the world’s largest green bond markets and yet, the market in 2020 was bumpy. Total Chinese green bond issuance in the domestic and overseas market reached USD44bn (RMB289.5bn), representing a 21% decrease from the USD55.8bn (RMB386bn) achieved in 2019.

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Green Bond Pricing in the Primary Market H1 2021

Green Bond Pricing in the Primary Market H1 2021

September 29, 2021 | ,

Green Bond Pricing in the Primary Market H1 2021 is the 12th iteration in the series by Climate Bonds Initiative and monitors the performance of 56 EUR and 19 USD denominated benchmark size green bonds with a total value of USD75.9bn issued between January and June 2021. The report includes 75 green bonds with a combined face value of USD75.9bn. 

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Walmart completes its $2 billion green bond issuance

Walmart completes its $2 billion green bond issuance

September 28, 2021 |

Walmart  has completed its previously announced $2 billion inaugural green bond issuance. The green bond is Walmart’s first issuance under the company’s Green Financing Framework, which was announced in August 2021. It explains the company’s alignment with the International Capital Markets Association’s 2021 Green Bond Principles.

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ADB’s Green and Blue Bonds Framework

ADB’s Green and Blue Bonds Framework

September 18, 2021 |

The green and blue bond program enables the Asian Development Bank (ADB) to support its developing member countries seeking to deliver environmentally sustainable growth to help reduce poverty and improve the quality of life of their people. Both green bonds and blue bonds would include investments such as construction of new assets, as well as maintenance, enhancement, improvement or repair of existing assets. Green bond- and blue bond-eligible projects would exclude lending to financial intermediaries.

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Green bond market in South Africa

Green bond market in South Africa

September 8, 2021 |

Green bond issuance in South Africa has been patchy with strong issuance early on followed by small volumes in the intervening years and a bumper year in 2019. Encouragingly, there has been a good diversification of issuers including banks and cities. Supportive regulation is critical and can take the form of direct support for green bonds (subsidies etc.) or, more importantly for the energy sector, through strong and consistent policy support across planning, finance, procurement and energy.

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