Impact of climate-fueled disasters seen in insurance, real estate data
The changing climate is increasing insurance rates for residents and cities and lowering property values in areas that face more frequent and intense disasters.
Public finance
Residential solar specialist Enpal, M&G tee up warehouse facility
Enpal and M&G's move comes at a complex moment for securitizations backed by energy infrastructure and home efficiency equipment.
Australian funds cut U.S. Treasury holdings on Trump policy risks
Fiscal uncertainty in the US and the fact that Treasury yields aren't high enough to reflect the risk of holding them is making the securities less attractive.
A $12 billion climate fund wraps up its first bond sale
The issuance marks the first time a multilateral climate fund is turning to the capital markets, as cash-strapped developed nations balk at providing the funds needed to cut greenhouse gas emissions.
Outlook 2025: What will the FOMC do?
Analysts are unsure what the Federal Open Market Committee will do with monetary policy in 2025. The panel projects two rate cuts, but some analysts expect more, and others see fewer.
T. Rowe says green bonds are becoming less appealing for US issuers
The "greenium" spread is not economically feasible for bond issuers anymore, T. Rowe Price's Matt Lawton said.
Adani Green’s dollar bond may be revived by mid-2025
The renewables firm also plans to raise as much as $500 million by February via banks or a private placement in the offshore market.
Powell may provide clues about rate cuts at Jackson Hole, economists say
"Fed watchers will be parsing Powell's comments for signs that a 50bp rate cut is on the table for September," noted Lauren Saidel-Baker, an economist with ITR Economics. "However, the notoriously tight-lipped chair is unlikely to confirm this, making a 25bp cut the most likely outcome."
The $280 billion climate bond market that isn’t working
Sustainability-linked bonds (SLB) make up roughly $280 billion of issuance and can play an enormous part in transitioning the world economy.
Barclays CEO says ‘wavering strength’ hurting net zero shift
The global shift to a low-carbon world will be "long, hard and complex," but Barclays's commitment is unwavering.
Frontier Communications to sell $1 billion fiber-backed bond
The company will use some of its fiber-optic network and associated customer contracts in the Dallas area to back a bond issue that will refinance some of the company's existing debt and finance a network expansion.
Green bonds take big lead over fossil-fuel debt deals
Almost $350 billion was raised from green bond sales and loan arrangements in the first half of this year, compared with less than $235 billion of oil, gas and coal-related financing.
GoodLeap prepares to issue $305.9 million in solar-related home improvement loans
GoodLeap 2023-2 has loans with fewer 25-year terms and higher FICO scores generally. Together, they'll have lower expected loss rates than those with longer terms and lower FICO scores.
The boom times for ESG debt look over
Arrangers and analysts aren't predicting a return to the exponential growth of the past decade that turned a fringe concept into a $5.6 trillion asset class.
Wall Street landlords want to rent you a greener suburban house
The single-family rental industry is slowly making its homes more energy-efficient. About 21% of total US energy consumption last year came from residential energy use.
A $180 billion green-debt boom grows faster than its impact
A growing chorus of auditors, researchers and climate activists warn that the numbers provided by bankers offer an exaggerated picture of their role in fighting climate change.
Toyota Auto Receiveables Trust floats $1.2 billion through Green Bond program
Citigroup Global Markets is lead underwriter on the fourth issuance through Toyota’s ABS Green Bond program. The deal references two potential pools to be securitized.
California draws Wall Street bond pitches for clean car goals
JPMorgan Chase and Loop Capital Markets have submitted pitches suggesting ways to structure $1 billion of bonds that Governor Gavin Newsom proposed to build vehicle charging stations
Why Fannie Mae’s appetite for green single-family loans is growing
Issuance of securitizations backed by these loans is becoming more dependable, and Fannie will need more mortgages that finance newly-built energy-efficient homes to keep it going.
Ginnie Mae ends 2020 with its strongest month for MBS issuance ever
The volume of Ginnie securities issued in December marked the first time more than $80 billion has been issued in a month.
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