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.

Tilt and run again - Bank of England is selling corporate bonds

04/11/2022

We explore how the Bank of England intends to green its portfolio.

Environmental gilt

03/10/2022

In this report, we analyse how corporate sterling green bonds performed amid volatility in the UK markets.

What if...the ECB had decarbonised its portfolio from the start?

20/09/2022

We look into how the ECB can decarbonise its portfolio.

Tilt and Run: ECB climate policy update

05/07/2022

The ECB announces further steps to incorporate climate change into their monetary policy operations.

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.

Wind-down (of CSPP) is coming

08/06/2022

Inflation is pushing central banks to act on their green portfolios.

SFDR subsidiary ESG disclosures: ESMA clarifications

03/06/2022

ESMA clarifications are useful to avoid circumvention of certain end investors’ sustainability criteria.

Chile sustainability-linked bond: Optionality analysis

05/04/2022

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

Sri Lanka: restructuring with biodiversity links?

10/02/2022

Its natural to include sustainability criteria in a restructuring of Sri Lanka's USD bonds.

SSA carbon exposures: JBIC New Year's announcement

11/01/2022

A report covering JBIC's recent loan facility to a key Russian oil company.

The steps of a government building.

Blackpink or BlackGold? Short KNOC notes

29/03/2021

Korea lets go the BlackGold oil sand project and backs Blackpink COP26.

The steps of a government building.

Tar sand new issue alert: Korea National Oil Corporation

24/03/2021

Given KNOC's tar sand exposure, syndicating banks should request a carbon footprint on behalf of KNOC.