A financial markets specialist, Adrian Murdoch started his award-winning career with the World Economic Forum and has worked for IFR in Singapore and Reuters in Frankfurt. A regular contributor to FinanceAsia, Global Capital, Institutional Investor, the Wall Street Journal, and Forbes, Adrian is focused on how companies around the world are raising and using sustainable capital.
The US drugs giant will use proceeds from its second sustainability bond issue to tackle the pandemic, including in emerging markets. ESG head Chris Gray seeks to dispel scepticism by explaining the deal's rationale, while treasurer Brian McMahon discusses the $1bn bond’s pricing.
America's solar industry has faced challenges getting financing, but investor and public sentiment is improving and government support is growing. A $400m debt issue last month was another positive sign.
The British luxury fashion house was the first of its peers to tap the sustainability bond market. A year on, it has not only met its targets but in some cases gone beyond them. The company’s CFO and head of corporate responsibility explain how.
Green short-term funding has struggled to take off as an asset class. With Asia’s first green commercial paper guarantee for Taiwan’s Sing Da Marine Structure, Crédit Agricole hopes that a new wind is blowing.
The private placement from shopping centre operator Emergence Plaza had the advantage of a beneficial economic backdrop and high market liquidity. There is much for potential issuers to learn from only the fourth green corporate bond from sub-Saharan Africa.
Medical device maker Nipro has become a rare Japanese issuer of a sustainability-linked loan, and the first from the healthcare sector. Disclosed details are limited, but it aims to use the proceeds to help address Covid-19 issues and generally improve public health both domestically and overseas.
Despite Seoul's commitment to reducing the country's reliance on fossil fuels, new coal-fired power projects are still raising funds. But the commodity's recent sharp price rise may focus the minds of corporate executives, bankers and government officials.
Some car manufacturers have sold green bonds, but Paris-based Valeo is Europe’s first automotive sector company to target carbon emission reduction along the entire manufacturing chain.
The region's healthcare providers have been slow to embrace sustainable funding because it is tricky to set measurable key performance indicators in the sector – but that is changing.
CFOs and treasurers take note. Although the pricing advantage for sustainable bonds has declined over the past six months, it is unlikely to vanish even as the volume of green bonds rises. Whether this is the case over a longer distance is up for fierce debate.
Turkish manufacturer Arçelik will use proceeds from its debut green bond to address a challenge most companies prefer to ignore. The issue attracted strong investor demand despite domestic economic turbulence.
The Italian power company recently sold the largest-ever sustainability-linked bond, after issuing the world's first in 2019. It also has ambitious plans to cut emissions, add renewables capacity, and raise more sustainable funding.
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