Weekly blog: TfL’s £400m green transport bond big success / China’s first on the way / first M&A green bond for Senvion / NIB back in market with SEK 1bn ($116m) 5yr / littlies from EBRD, World Bank, City of StPaul, Mytrah Energy / + gossip

Jay OwenSRI/ESG News, Greentech

Development Bank issuance Nordic Investment Bank issues its third green bond (SEK 1bn ($116m), 5 yr, 0.155%, AAA)  Nordic Investment Bank (NIB) has issued a SEK 1bn ($116m) green bond, its third SEK denominated green bond issuance (they call them Nordic Environmental Bonds – NEBs). The bond has a 5 …

China’s Trina Solar goes for a convertible solar bond: US$100m, 5yr, 4% coupon. It’s a challenging market environment for solar but the bonds keep coming.

Jay OwenGreen Prosperity

China’s Trina Solar is issuing US$100m of convertible bonds with 5-year tenor and 4% annual coupon, with semi-annual payments. An extra US$15m could be raised, as Trina has given the underwriters a 1-month window to buy additional bonds. Guess they are waiting to gauge demand. Underwriters are Deutsche Bank, Barclays, and Credit Suisse, with Roth Capital Partners as …

Investor Statement re: Green Bonds & Climate Bonds

Jay OwenGreen Prosperity, SRI/ESG News

UN CLIMATE SUMMIT 23 SEPTEMBER 2014 We, the undersigned signatories to this statement, represent asset owners, investment managers and individual funds managing a combined Two Trillion Dollars of assets. We are substantial investors in the $100 trillion  global bond market. We understand: That climate change poses a significant risk to …

[Blog] MünchenerHyp cracks first thematic covered bond! EUR300m ($389m) Aaa 5yr, for coop housing. 1.6x oversubscribed. It’s the prototype for a Green Pfandbrief – at last!

Jay OwenGreen Prosperity, Reforming Global Finance

  MünchenerHyp cracks first thematic covered bond! EUR300m ($389m) Aaa 5yr, for coop housing. 1.6x oversubscribed. It’s the prototype for a Green Pfandbrief – at last! Münchener Hypothekenbank eG has just issued an “ESG-labelled” covered bond (or Pfandbriefe, as covered bonds are called in Germany) for refinancing of housing cooperatives. Oekom …

Today’s Top Stories from GFI – Africa Leaders Summit: America’s Dirty Little Secret

Jay OwenReforming Global Finance

  Wednesday, August 6, 2014 From the Global Financial Integrity Blog:     Join Us for Our Upcoming Conference on Illicit Financial Flows in Brazil      Illicit Finance Jounralism Programme Lauches Fourth Training Project      Debate in Delaware on Anonymous Companies    Why Wildlife Trafficking and Anonymous Companies …

Taiwan’s ASE issues Asia’s first corporate green bond – $300m, BBB, 6yrs – and it’s SIX times oversubscribed!! Asian green bonds may be about to blast off.

Jay OwenGreen Prosperity

I’m in Cambodia, visiting the amazing Ankgor Wat, ancient religious centre of a city that apparently had a population of half a million people(link is external) in 1200 AD.  The temple’s bas-reliefs(link is external) are full of triumphal armies, marching through exquisite carvings of trees and forests. They liked their green. We haven’t yet …

RGS Energy: Troubling Inconsistencies

Jay OwenSRI/ESG News

By Garvin Jabusch, cofounder and chief investment officer of Green Alpha® Advisors, LLC   RGS Energy: Troubling Inconsistencies Posted: 08 Jul 2014 04:47 PM PDT Garvin Jabusch About three weeks ago, I posted a piece called “RGS Energy, Tempered, Opportunistic Growth,” an optimistic bit of coverage on one of our holdings,  (RGSE), …

19 Notable Green Bonds Media Stories — June 2014

Jay OwenGreen Prosperity

Compiled by Sean Kidney of the Climate Bonds Initiative www.climatebonds.net Includes WSJ, Global Capital, Boursorama and more Lots of coverage this month. We’ve divided stories into six topics: Green Property Criteria, Calls for Standards and Clarity, Market Analysis and Market Growth. Green Property Criteria Coverage following the opening of the Public Consultation …

AltEnergyStocks.com: RGS Energy: Troubling Inconsistencies

Jay OwenSRI/ESG News

  RGS Energy: Troubling Inconsistencies Posted: 08 Jul 2014 04:47 PM PDT Garvin Jabusch About three weeks ago, I posted a piece called “RGS Energy, Tempered, Opportunistic Growth,” an optimistic bit of coverage on one of our holdings,  (RGSE), that included an 18-month price target of $10.00 per share. Since …

[Climate Bonds] AAA away! EIB does a EUR350m ($480m) tap of its big 5yr climate awareness bond / World Bank does 4yr BRL465.5 + TLY335.5 (total $369m) green bonds for Japanese uridashi investors

Jay OwenGreen Prosperity

Climate Bonds has posted a new item, ‘AAA away! EIB does a EUR350m ($480m) tap of its big 5yr climate awareness bond / World Bank does 4yr BRL465.5 + TLY335.5 (total $369m) green bonds for Japanese uridashi investors‘ The AAA-rated European Investment Bank (EIB) has placed a 6th tap of its 5 …