Europe’s industrial engine Germany looks like it has finally started revving up its green and sustainability-linked financing plans, though analysts say that cultural apprehensions might mean there is still some way to go before the biggest trend in the capital markets becomes ubiquitous in the country.
The Saudi Arabian power and water developer is helping drive the shift towards renewable energy in the Middle East and beyond.
Central and Eastern Europe was on course to have an historic year for all the right reasons with Poland stunning markets to become the first ever emerging market name to print negative yielding euro debt. However, the Covid-19 pandemic sent credit spreads across the globe reeling and equity markets plunging record percentage points in a day, leaving investors and borrowers trying to decipher how to deal with the massive volatility.
The African Development Bank printed a US$3bn bond in March to combat the coronavirus pandemic that has taken the world by the throat, and other supranational and development issuers are following suit as the finance world looks for ways to help overcome the pandemic.
Turkey’s Akbank and biscuit maker Ulker made successful trips to the loan market for deals totalling more than US$1bn at the start of April as the coronavirus tore through Europe, but economic pain is hitting the country hard and the central bank has taken an unprecedented step to start buying debt.