Temasek, HSBC launch infrastructure debt financing firm with initial $209m

SINGAPORE (THE BUSINESS TIMES) – Temasek Holdings and HSBC Holdings have officially launched their sustainable infrastructure debt financing company, Pentagreen Capital. The partnership, first announced in September 2021, will start with US$150 million (S$209 million) of capital jointly committed by Temasek and HSBC, with the goal of making US$1 billion of loans within the next […]

China to require approvals for companies to issue offshore debt

BEIJING (BLOOMBERG) – China is set to ask companies planning to sell offshore debt with tenors of longer than one year to get approval from the country’s top economic planning body. This will bring greater enforcement to parts of longstanding guidance on overseas financing as concern mounts about the strength of the United States dollar. Companies including […]

Debt issuers wonder if ESG label is worth it as scepticism spreads

LONDON (BLOOMBERG) – Bond issuers appear to be reviewing the merits of tapping the environmental, social and governance (ESG) debt market, based on an assessment that the lower financing costs the label generally brings are not worth the risk of being exposed to greenwash accusations. “There are a number of issuers that are reconsidering the cost-benefit […]