News

Bank of China in green bond bonanza

Bank of China in LondonFixed income instruments issued by Bank of China in London and Hong Kong reveal the growing trend for Asian green bonds. The bank’s London branch priced a $1 billion three-year and five-year floating rate green bond and the Hong Kong branch priced a 3 billion Hong Kong dollar ($382 million) two-year fixed-rate sustainability bond. Issued to raise money for projects such as renewable energy and clean transportation, green bonds are rising in popularity in Asia. Sameer Chopra, an analyst for Bank of America Merrill Lynch, predicts Asian entities will issue $250 billion of green bonds in the next three years and $600 billion over the next five years. “China is expected to make-up nearly half of the issuance,” said the analyst. Bank of America Merrill Lynch acted as green structuring agent, joint global coordinator, joint bookrunner and joint lead manager on the Bank of China issuances. ©2018 funds global asia

Executive Interviews

INTERVIEW: Making a name

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Formed by a merger in 2012, Old Mutual Global Investors was little-known in Asia. Carol Wong, managing director for Asia-Pacific, is changing that. She talks to George Mitton.

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An acquisition has increased the visibility of Natixis investment managers in Australia. George Mitton talks to its local chief executive.

Roundtables

SINGAPORE ROUNDTABLE: Small nation, big ambitions

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Our cross-industry panel discussed fund passporting, robo-advisers and the potential of a new investment structure, the S-Vacc. Chaired by George Mitton in Singapore.

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