Bond spotlight

Bottom-up situational analyses of individual securities and issuers to support investors in these bonds and provide case studies for the sustainable development of the fixed income market.

All Bond spotlight Sustainability-Linked Bonds Climate risk pricing Fossil lending Nature loss Transparency Sovereigns and central banks Portfolio analysis Quantitative research
A financial analyst’s Bloomberg keyboard layout.

SUEK calls force majeure: bank and bond investor implications?

14/10/2021

SUEK calls a force majeure after recent bond issuance.

Market opportunity: Indian (green) bond issuance in EUR

30/09/2021

The green bond market is starting to develop in India.

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Mexiconvexity: Credit, IMF, Pemex

08/09/2021

Mexico's president eager to use IMF covid funding to support Pemex.

A financial analyst’s Bloomberg keyboard layout.

Banking on coal: SUEK bond review

02/09/2021

SUEK, the largest exporter of seaborne thermal coal, to issue inaugural bond.

A financial analyst’s Bloomberg keyboard layout.

Adani and what could be the world's coolest SLB

14/07/2021

In this report, we suggest an alternative coupon for Adani's SLB.

A financial analyst’s Bloomberg keyboard layout.

Enbridge oil sands SLB - participation trophy alert

23/06/2021

Enbridge's SLB looks like a step towards energy transition, but it is not.

A financial analyst’s Bloomberg keyboard layout.

Pump. Dump. Socialism.

02/06/2021

Dalrymple Bay IPO continues to be an open wound for anyone invested.

An overhead photo of a road submerged by floodwater.

Exxon capital structure arbitrage/impact trade idea

21/05/2021

To reduce hydrocarbon capex and leverage up the balance sheet, buy Exxon equity, short the credit.

An overhead photo of a road submerged by floodwater.

Total/Equinor climate risk CDS trade: IEA update

19/05/2021

Spreads to widen further for Total/Equinor CDS trade

An overhead photo of a road submerged by floodwater.

Credit investors, rating agencies and climate: Exhibit 1

14/05/2021

Issuer credit ratings are vulnerable to refinancing risks.

A financial analyst’s Bloomberg keyboard layout.

Lipstick on a pig: NAB's sustainability loan to coal

04/05/2021

NAB's sustainability loan exposes investors to coal financing

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Blackpink or BlackGold? Short KNOC notes

29/03/2021

Korea lets go the BlackGold oil sand project and backs Blackpink COP26.

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