Italian energy company Enel sold a multibillion-dollar sustainability-linked bond at the start of July, as the nascent deal structure, which sees a coupon step up on missed ESG targets, continues to gain global popularity.
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The pandemic served as a catalyst for changes that were already underway, not least greater digitisation and better non-financial risk management.
Sir Paul Collier has been working in Africa for four decades and is one of the world’s leading voices on the economies of the region. He tells EMEA Finance that, while the pandemic has ravaged the continent, there are clear signs of hope for sustainable economic growth.
The Brexit deal has posed challenges for London-based financial services firms, which look set to lose some of their EU business as a result.
Turkey’s Akbank has signed a $100m sustainability-linked facility from the Asian Infrastructure Investment Bank (AIIB), becoming the Turkish first deposit bank to secure funds from the multilateral lender as sustainable finance takes deep root in the country.
As Europe’s electric vehicle market gathers pace, Slovakian battery startup InoBat is expecting to scale up rapidly over the next few years.
South Africa’s Absa Bank has signed the first ever Green Loan Principles-adherent loan in Africa, with the International Finance Corporate providing the funding for renewable projects in South Africa.
When Coinbase, the largest cryptocurrency exchange in the US, became a public company in April, it sent shockwaves through the global financial community. Many are trying to decipher if now, after years of tantalising headlines, digital currencies are about to go mainstream.
Despite a difficult year and a recent ratings downgrade, Mauritius is looking to develop itself as an International Finance Centre as it bounces back from Covid-19.
The Islamic Development Bank’s largest sustainable Sukuk issuance and its largest every US dollar denominated funding ignites the Islamic finance market across the GCC region where a shift towards Shariah-compliant instruments is accelerating.