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.

Nobian SLB: a lot of hot air?

16/05/2023

Nobian has released its 2022 sustainability report, showing a significant drop in emissions.

ICA Gruppen green bond: deforestation risk

10/05/2023

In this report, we discuss the questions rasied by ICA Gruppen's inaugural green bond.

Carrefour: 1 SLB, 2 KPIs, 3 Scopes of emissions included

02/05/2023

In this report, we compare Carrefour's SLB with its traditional bonds.

A financial analyst’s Bloomberg keyboard layout.

PIF: big on Aramco, big on green bonds

19/04/2023

In this report, we encourage participants to discuss the suitability of PIFKSA ‘green’ bonds in green funds.

Cargill: EUR bond, EU deforestation risk

14/04/2023

In this report, we discuss Cargill's clear deforestation and land-use change exposures.

EQT Infrastructure investors and off-shore capital raising for Adani Group

05/04/2023

EQT Infrastructure investors and off-shore capital raising for the Adani Group.

The reformed SSA trader: A new-found dog

07/03/2023

Newfoundland and Labrador announces a new program for issuing debt into the European SSA market.

A row of wind turbines at dawn.

SLB triggers: what next if Nobian or PPC miss their targets

28/02/2023

In this report, we consider the possible implications of a “thematic default” by Nobian or PPC.

A row of wind turbines at dawn.

BHP: think big with an SLB

23/02/2023

Mining giant BHP is looking to tap the US dollar bond market for the first time in ten years.

Big oil, small short

13/02/2023

We highlight the differential between Exxon Mobil equity dividend yield and two-year bonds.

A financial analyst’s Bloomberg keyboard layout.

Adani Enterprises and passive ESG index investors

10/02/2023

In this report, we ask why Adani Enterprises was ever included in “sustainability” or “ESG” equity indices.

A financial analyst’s Bloomberg keyboard layout.

Enel SLB: market update on 2022 KPI observation

08/02/2023

This note presents market pricing on Enel's SLB.

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