News

World Bank’s recent US$150 million “rhino bond” is advancing biodiversity and natural capital, proving financial markets can fund conservation projects while simultaneously transferring project performance risk from donors to institutional investors, according to deal sources.

Investors must embrace multiple KPIs within sustainability-linked instruments to embrace the inclusion of gender equality goals, according to speakers on a recent International Capital Market Association sustainability bonds panel. Gender bonds using use-of-proceeds structures struggle to attract programme scale, limiting their ability to drive change.

The Australian Office of Financial Management’s latest transaction attracted a healthy orderbook despite printing in an increasingly volatile market. The agency says it took a strategic approach to execution, waiting out the recent federal budget and printing between central bank announcements.

Deal activity highlights for the week ending 14 April include Australian Office of Financial Management's syndicated transaction and Athene Global Funding's funding-agreement-backed Kangaroo.