A financial journalist with over a decade's experience covering EMEA capital markets
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A financial journalist with over a decade's experience covering EMEA capital markets, specialising in the European leveraged finance, syndicated loan, corporate bond and equity capital markets. Focusing on producing copy on newly priced event driven funding and refinancing, institutions' strategy, regulatory reform, and the operational infrastructure of the markets. Minimize
Cost benefit for ESG loans in Europe yet to emerge
The European leveraged loan market has not yet seen a pricing differential between transactions that include a margin ratchet linked to environmental, social and governance-related criteria and those that do not, according to LCD data. Looking across a comparable sample of euro-denominated transactions rated B flat — excluding repricings and add-ons — the data shows that having...
CLOs likely to move to positive screening for ESG, says S&P Global Ratings
CLOs are likely to shift to a system of positively screening for assets with components for inclusion in their portfolios, rather than negatively screening for prohibited industries, according to speakers at an LSTA and S&P Global Ratings webinar on ESG in loans and CLOs. As the proportion of leveraged loans including ESG-related elements increases globally, CLO managers may so...
ESG issuance ramps up in Europe amid signs of market evolution
The first high-yield bond and leveraged loan to launch after the traditional late-summer break in Europe have both included sustainability language, in a signal that issuance linked to the principles of environmental, social and governance criteria looks to set to make up an increasingly important part of the market in the latter part of this year. However, sustainable issuance...
