Research

All Bond spotlight Sustainability-Linked Bonds Climate risk pricing Fossil lending Nature loss Transparency Sovereigns and central banks Portfolio analysis Quantitative research

The Forensic Carbon Accountant: JBS SLB

21/09/2023

JBS, a Brazilian meat producer, has issued three Sustainability-Linked Bonds and in this report we discuss the restatement of 2019 data

SLBs: no cal(l)amity

20/09/2023

We compare a large sample of SLBs with traditional bonds, to identify relative trends of callability

Factories emitting pollution.

Net green/fossil bond syndication league table - Sep 23

14/09/2023

In this report, we provide an update on rankings of key banks based on their net green/fossil fee generation from bonds

An overhead photo of a forest fire.

EU deforestation law: fire on the horizon for soy traders

13/09/2023

The EU has recently adopted regulation to remove deforestation from its supply chains

Sustainability-Linked Bonds bumper week

11/09/2023

The first five business days of September were very busy for SLB issuance, with eleven bonds pricing

Port of Newcastle junked as debt wall approaches

08/09/2023

Port of Newcastle's downgrade could prove negative for some of its bonds

Minerva bond deal: beef up your due diligence

05/09/2023

Minerva is in the market with a $1bn 10y BB rated deal, to finance their acquisition of slaughterhouse assets from Marfrig

Marfrig to Minerva asset sale: decoding the wood from the trees

01/09/2023

Minerva has agreed to buy 16 slaughtering plants from competitor Marfrig, which poses substantial risks for Minerva investors over deforestation concerns

Indonesian coal mining - where is the funding coming from?

29/08/2023

Funding to coal mining in Indonesia has mostly stopped from international investors, while only domestic and regional banks still maintain their relationships

ConocoPhillips crossing oil sands exclusion thresholds

16/08/2023

ConocoPhillips debt issuance finances a full acquisition of the Surmont oil facility

Chile's Peso SLB issuance

27/07/2023

Chile's recent CLP sustainability linked bond makes it the second largest SLB issuer

UK Water company reports: it never rains but it pours

18/07/2023

In this report, we explore the implications of the UK water sector's poor annual results.

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