By Jon Hay, Mariam Meskin
12.45 PM
PKN Orlen, the Polish oil refiner and petrol retailer, began marketing its debut green bond on Monday, a €500m no-grow seven year. Issuing a green bond would be a bold move for an oil company, but PKN Orlen is being conservative about the assets included and has obtained certification from the Climate Bonds Initiative.
PKN Orlen, rated Baa2/BBB- by
Moody’s and Fitch, is one of the largest companies and most important energy
providers in central and eastern Europe, and well known to bond investors. Now
it plans to become a regular green bond issuer. Its first deal that could be launched as early as Thursday.Global
Paraguay is the first country in Latin America to typify and incorporate guidelines for the emission of Sustainable Development Goals (SDG) bonds in its national regulation. The national securities regulatory body –
Comisión Nacional de Valores (CNV) – issued Resolution No. 9/20 on March 5
th, which modifies legislation seeking to “endow the stock market with new financial instruments that promote social and environmental objectives” aligned with the 2030 Agenda and the SDGs.
This resolution categorizes SDG bonds as those debt instruments that finance projects with green, social or sustainable goals or measurable impacts; the latter contributing to both environmental and sustainable impact. These type of bonds are not exempt from the general regulations and conditions that apply by law, including in terms of risk qualification, but must be certified by an independent third party, guarantee the use of financing for the specific projects proposed and are subject to p
Amazon $1 billion bond to be used for climate, social causes
Robert Besser
14 May 2021, 01:38 GMT+10
Amazon.com Inc issued its first sustainability bond on Monday, raising $1 billion to invest in renewable energy, clean transport, greener buildings and affordable housing
Global green bond issuances reached a record high of $270 billion at the end of 2020 and could reach $450 billion this year, according to Climate Bonds Initiative
The money raised through the sustainability bond is a small part of the total debt Amazon issued on Monday, at some $18.5 billion
SEATTLE, Washington: Joining the growing list of debt issuers tapping the market for green bonds, Amazon.com Inc issued its first sustainability bond on Monday, raising $1 billion to invest in renewable energy, clean transport, greener buildings and affordable housing.
Climate, social causes to be funded by Amazon sustainable bond
14 May 2021, 01:38 GMT+10
SEATTLE, Washington: Joining the growing list of debt issuers tapping the market for green bonds, Amazon.com Inc issued its first sustainability bond on Monday, raising $1 billion to invest in renewable energy, clean transport, greener buildings and affordable housing.
Global green bond issuances reached a record high of $270 billion at the end of 2020 and could reach $450 billion this year, according to Climate Bonds Initiative.
The money raised through the sustainability bond is a small part of the total debt Amazon issued on Monday, at some $18.5 billion, which the company said forms part of a new Sustainable Bond Framework and will be spent on new and existing projects.
Global green bond issuance reached a record high of $270 billion at the end of 2020
Reuters
May 11, 2021
Photovoltaic panels stand in front of the Amazon distribution centre in Bad Hersfeld September 22, 2014. PHOTO: REUTERS
Amazon issued its first sustainability bond on Monday, raising $1 billion to invest in renewable energy, clean transport, greener buildings, and affordable housing.
The world s biggest company joins a growing list of debt issuers tapping the market for green and sustainable bonds, which is swelling as asset managers come under pressure from their investors to advance environmental, social and governance (ESG) causes.
Global green bond issuance reached a record high of $270 billion at the end of 2020 and could reach $450 billion this year, according to Climate Bonds Initiative.