News
In October 2020, the EU embarked on a massively enhanced funding programme – immediately making it a major borrower on the international stage following a relatively quiet decade. But COVID-19 response funding was only the beginning of the EU’s medium-term debt-market plans, and it is now setting up to be a significant issuer for the foreseeable future with ramifications well beyond the Eurozone.
Market participants have grown accustomed to European leadership in global sustainable finance. However, the Asia-Pacific region’s critical role in driving climate transition also continues to grow. As a responsible international market participant, Bank of China has been supporting the sustainable development of the global economy via several market-leading green projects and DCM financings.
On 26 October, GPT Wholesale Office Fund No. 1, an entity of GPT Funds Management (A- by S&P), launched an Australian dollar denominated, 10-year, benchmark, green-bond deal. The transaction is being marketed at 140 basis points area over semi-quarterly swap and is expected to price on the day of launch. ANZ and Westpac Institutional Bank are joint lead managers and green-bond coordinators.