Sovereigns and central banks

Analyses of Supranational, Sovereign and Agencies (SSAs) as debt issuers and policymakers. We review the role of central banks and regulatory authorities in setting market standards and their approaches to decarbonisation.

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

Transition linkers in Latin America

01/10/2025

Adapting the transition linker concept for Latin America

The steps of a government building.

Twin bonds: recap ahead of Denmark’s EuGB issuance

19/09/2025

Greeniums of ‘twin bonds’ vary by country, while Denmark stands out

The reformed SSA trader: Please shower before entering the pool

15/08/2025

If the ECB's new climate transition risk analysis on its collateral were extended to bank bankds, it would be order of magnitudes more impactful.

The steps of a government building.

Philippines: supercharging the transition

14/08/2025

Sustainability-Linked Bond could incentivise country’s transition

Biodiversity risks in government bond portfolios

24/07/2025

Optimisation can bring EM bond portfolios closer to 30x30 target

The steps of a government building.

Latest 5yr JCTB auction receives warm reception despite market volatility

18/07/2025

Latest Japan Climate Transition Bond auction offers a glimmer of hope

Slovenia launches sovereign decarbonisation SLB

23/06/2025

SLB issuance is closely linked to the Slovenia’s decarbonisation pathway, showing continued commitment to sustainable finance.

Uruguay-ding light in Sovereign SLBs

20/06/2025

New data sheds light on sovereign’s climate progress

The steps of a government building.

Sustainability-Linked Bonds and Credit Enhancement: New Approaches for PDB Financing

22/05/2025

Agence Française de Développement (AFD) Research Paper

The steps of a government building.

Transition linkers

18/11/2024

A transition linker is a new form of performance-linked bond for investor, government, and general public interest transition alignment.

Thai government embarks on SLB journey

15/11/2024

The Thai government is set to issue its inaugural Sustainability-Linked Bond (SLB) – the first in the ASEAN region

The steps of a government building.

Sovereigns: climate performance and the cost of capital

25/10/2024

Comprehensive analysis evidences relationship between climate factors and sovereign credit risk

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