Funding the green transition and hell week for new bonds

Send us Fan MailIn the same week that the Green and Social Bond Principles provided a ton of new guidance on how to apply its formula to different types of security, which we discuss, we take a look at how the capital markets are offering investors different way to fund the green transition.Green capital raising is a rare bright spot in the equity markets these days but it is not all plain sailing. We look at what went wrong with Plenitude’s IPO, the listing of Eni’s renewable business. It was supposed to be a banner event for the market but instead, it got pulled. The listing of De Nora, another jumble of activities under one roof with an ESG flavour, did get done. We take a look at what it takes to raise equity capital for a green company and what deals may be round the corner.But it isn’t just public equity markets ploughing money into the green transition. Private funds are buying up various unglamourous companies — bins and buses — and helping them on their green journey. We look into what is driving this trend and what the funds’ motivations may be.Finally, it was a shocking week in the primary bond markets with deals getting hooked left, right and centre. We reveal what market experts told us were the best ways to navigate the primary bond market when it is in this state and discuss whether a pulled deal is anything to be embarrassed about any more.