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.

A row of wind turbines at dawn.

Air France-KLM: Come fly with SLBs

09/01/2023

Air France-KLM comes to the market with two SLBs.

A row of wind turbines at dawn.

One small step for Orlen, one giant leap for the SLB market

29/11/2022

An exploration of the triggering of a sustainability-related financial penalty for PKN Orlen.

A magnifying glass zooming in on some statistics.

Sembcorp: Carbon footprint arbitrage of a lifetime

06/11/2022

In this report, we discuss Sembcorp's sale of thermal coal power in India.

A financial analyst’s Bloomberg keyboard layout.

No green ePIFany

29/09/2022

In this report, we consider whether PIF's new bond deal is really 'green.'

A financial analyst’s Bloomberg keyboard layout.

MHI: The wrong kind of transition

06/09/2022

In this report, we explore how ammonia co-firing features in Japan's transition plans.

A financial analyst’s Bloomberg keyboard layout.

Bond investors and new Queensland thermal coal mines

29/08/2022

We review the status of Queensland Treasury Corporation's grey and green-labelled bonds.

Auto bonds: Any colour so long as it is green

17/08/2022

Transitioning the auto manufacturing sector is essential to tackling climate change.

The steps of a government building.

The Reformed SSA Trader: Kreditanstalt Fossil Wiederaufbau?

01/07/2022

Recent developments put KfW's green bond investors in an awkward position.

A financial analyst’s Bloomberg keyboard layout.

Swedish RE Bond Blowup: Not a green issue

27/06/2022

Swedish real-estate bond sell-off has little bearing on green/labelled bond performance.

Financial candles on a screen.

ESG Bond ETFs: Passive aggressive investing?

17/05/2022

SUEK's bonds are being bought by ESG bond ETFs.

Chile sustainability-linked bond: Optionality analysis

05/04/2022

Chile’s SLB issuance is constructed with a set of robust KPIs.

A financial analyst’s Bloomberg keyboard layout.

Woodside/CSIRO and Australia climate FI comments

23/03/2022

We review an investor coalition critique of Woodside Petroleum.