The secondary market trading in muni bonds occurs with inadequate transparency and so investors often pay too much for bonds
Example: Investors cannot observe dealer market and thus cannot know market prices. (...) EXPERIENCE: MUNICIPAL
PROBLEM Municipal bond market is inefficient in several ways. The small, heterogeneous issues reduce liquidity. There are high costs for underwriting as well as for secondary market trading in OTC markets. (See Dodd 2005). The tax-exempt program creates further inefficiencies by making bonds attractive to only high-net wealth individuals with US tax liabilities.
Language:English
Score: 1262748.7
-
https://www.un.org/esa/sustdev...egm2007/presentations/dodd.pdf
Data Source: un
Water is expected to be a key investment area for green bonds as the market grows. In the United States
alone there will be an estimated $300 billion to $1 trillion invested in clean water infrastructure by 2030.
(...) Drivers:
Climate relevance is not always clear for some investment areas, particularly complex areas such as
water.
Water infrastructure projects may perpetuate high water consumption or poor water management
rather than alleviate climate-related impacts.
Clear definitions and guidelines needed to build a long term credible green bonds market at scale.
Need to ensure impact is achieved.
(...) There
have also been examples of criteria for water green bonds that have served as a resource to help guide the
market in its early developments (e.g.
Language:English
Score: 1255236.7
-
https://www.un.org/waterforlif...f/Justine_LeighBell_CaseBM.pdf
Data Source: un
Blue bonds: Accelerating Sustainable Ocean Business | UN Global Compact
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Blue bonds: Accelerating Sustainable Ocean Business
In this section
Communication
About the Ocean Stewardship Coalition
The Ocean Stewardship 2030 roadmap: ensuring a healthy and productive ocean by 2030
Sustainable Seafood
Mapping the Ocean
End Waste Entering the Ocean
Ocean Renewable Energy
Decarbonizing Shipping
The Sustainable Ocean Principles: a principles-based approach to sustainable ocean business
Blue bonds: Accelerating Sustainable Ocean Business
Blueprint Endorsements
Blue bonds: Accelerating Sustainable Ocean Business
As the largest asset class in the global financial market, the bond market can play a significant role in catalyzing investments to achieve the Sustainable Development Goals (SDGs).
(...) The green bond market has seen rapid growth, with more than USD $1 trillion in total issuance , and blue bonds are poised to see a similarly strong market.
(...) Resources:
Sustainable Ocean Principles
Practical Guidances for the Sustainable Ocean Principles
Practical Guidance to Issue a Blue Bond
Blue Bonds Reference Paper
SDG Bonds: Leveraging the Bond Market for the SDGs
Ocean Stewardship 2030
Blue Bonds: The Next Wave of Sustainable Bonds | Morgan Stanley
International Capital Market Association
European Union Taxonomy for Sustainable Finance
Climate Bonds Initiative
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Language:English
Score: 1246556.1
-
https://www.unglobalcompact.or...ing-sustainable-ocean-business
Data Source: un
UN launches African repo market in bid to lower borrowing costs | Financial Times
03/11/2021 16:20UN launches African repo market in bid to lower borrowing costs | Financial Times
Page 1 sur 4https://www.ft.com/content/0c5c2e7f-32e9-4e91-9fca-fab9d5ff59b7
Vera Songwe of UNECA: ‘Cash is king, and you don’t get cash very fast from a lot of African bonds. (...) It allows market participants to access funding by exchanging bonds for cash in transactions that are typically considered to be ultra-safe.
(...) “Cash is king, and you don’t get cash very fast from a lot of African bonds,” she said. “We need to create a repo market.”
Language:English
Score: 1242817.2
-
https://www.uneca.org/sites/de...sts%20%20Financial%20Times.pdf
Data Source: un
The experts were speaking at a virtual workshop on GSS Bond Market Development to build awareness and explore the potential issuance of GSS bonds in West Africa by sovereign government issuers or subnational entities. (...) Given the vast investor demand and potential for GSS bonds to serve the sustainable investment needs of Africa, this workshop objective was to share information about the GSS bond market internationally and the potential for GSS bonds in West Africa.
(...) Discussions at the workshop featured on the new market trends, practical experience from recent sovereign GSS bond issuers, requirements for GSS bond programs, a discussion of the benefits and costs associated with issuing different types of GSS bonds, and areas of potential ECA, World Bank and other donor support.
Language:English
Score: 1238397.4
-
https://www.un.org/africarenew...s-sustainable-investment-needs
Data Source: un
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Resource Author
United Nations Global Compact
Report
(2019)
SDG Bonds | Leveraging Capital Markets for the SDGs
Resource Author
United Nations Global Compact
This guide explores the role of the bond market – the largest asset class in the global financial markets – in the realization of the Sustainable Development Goals (SDGs). (...) A diverse portfolio of SDG Bonds, including sovereign, municipal, corporate and project bonds across developed and emerging markets could fulfill mainstream investors’ growing demand for impact while matching their risk-return appetite.
Language:English
Score: 1232844.6
-
https://www.unglobalcompact.org/library/5713
Data Source: un
In September 2012, Zambia made a splash on the international private market, launching a 10-year bond at $750 million. (...) Global investors have been eager to purchase these bonds for higher yields amid low returns in mature markets. (...) And for Sy, developing well-functioning domestic bond markets to attract domestic and foreign savings over time is the way to go.
Language:English
Score: 1231995.9
-
https://www.un.org/africarenew...e/april-2014/hunting-eurobonds
Data Source: un
Petrobras led the way, issuing a US$ 4 billion dual-tranche bond on January 9, encouraging other issuers to come to the market.
(...) The region’s strong international bond market performance was supported by a tightening in bond spreads, although the credit quality in the region continued to deteriorate: there were eleven sovereign downgrades in the first quarter, and only two upgrades.
(...) Regarding the region’s financial market prospects, with record low market volatility, lofty asset valuations, excessive amounts of debt and a search for yield that results in large orders for emerging market bond sales, there’s certainly no shortage of challenges.
Language:English
Score: 1229080.1
-
https://www.cepal.org/en/news/...record-pace-first-quarter-2017
Data Source: un
The experts were speaking at a virtual workshop on GSS Bond Market Development to build awareness and explore the potential issuance of GSS bonds in West Africa by sovereign government issuers or subnational entities.
(...) Given the vast investor demand and potential for GSS bonds to serve the sustainable investment needs of Africa, this workshop objective was to share information about the GSS bond market internationally and the potential for GSS bonds in West Africa.
(...) “While Africa has 23% of official climate finance, it has less than 1% of global green bond issuances and is paying more than twice more than similarly rated peers to access markets,” noted the ECA Director.
Language:English
Score: 1229070.9
-
https://www.uneca.org/stories/...s-sustainable-investment-needs
Data Source: un
The experts were speaking at a virtual workshop on GSS Bond Market Development to build awareness and explore the potential issuance of GSS bonds in West Africa by sovereign government issuers or subnational entities.
(...) Given the vast investor demand and potential for GSS bonds to serve the sustainable investment needs of Africa, this workshop objective was to share information about the GSS bond market internationally and the potential for GSS bonds in West Africa.
(...) “While Africa has 23% of official climate finance, it has less than 1% of global green bond issuances and is paying more than twice more than similarly rated peers to access markets,” noted the ECA Director.
Language:English
Score: 1229070.9
-
https://www.uneca.org/node/5533
Data Source: un