The LGX Monthly Roundup
This month, we bring you an MoU with UN Women to advance gender finance, a series of intensive courses of the LGX Academy and much more.
LuxSE and UN Women join forces to advance gender finance
In a Ring the Bell ceremony in the presence of HRH Grand Duchess Maria Teresa of Luxembourg, Luxembourg Minister of Finance Yuriko Backes and Luxembourg Minister of the Economy and Development, Cooperation and Humanitarian Affairs Franz Fayot, we recently signed and celebrated a Memorandum of Understanding (MoU) with UN Women.
A few months after we signed the Women's Empowerment Principles, this MoU shows our ambition to strengthen our cooperation with UN Women and promote joint initiatives to advance financing for gender equality and women’s empowerment across the world.
"We commit to contributing to gender equality and women’s empowerment by better linking finance and gender. In many parts of the world, women are still excluded from economic activities and financial services. If we want to reduce the gender gap in the global economy, we need to make sure women have access to education, opportunities and financing," our CEO Julie Becker noted.
As part of our new commitments, we are now flagging sustainable debt instruments displayed on LGX that allocate all or a portion of their financing to concrete projects and strategies that contribute to gender equality objectives, also called gender-focused bonds.
There are four types of gender-focused bonds:
Find out more about the different types of gender-focused bonds and explore the ones currently displayed on LGX on our dedicated webpage.
LuxXPrime tops the 300 GSSS bonds mark
We are delighted to announce that the LuxXPrime selection of securities now includes 300 green, social, sustainability and sustainability-linked bonds! Currently, 1,384 carefully selected bonds are priced by our prime liquidity provider EUWAX AG and available for smaller-sized trades.
Have you ever taken the time to explore LuxXPrime, our dedicated trading window for retail-sized orders in fixed-income securities?
Click on the player button above to watch the monthly Sustainable Finance Reviews of the Centre for the Study of Financial Innovation, during which our Head of Regulatory Affairs Paula Redondo Pereira along with other industry experts recently shared interesting insights. The panel discussion revolves around the challenges of effective ESG reporting and data disclosure and touches on the role of stock exchanges in accelerating sustainable finance.
Zooming in on new displays
German real estate lender Berlin Hyp brought its inaugural EUR 750 m social bond to LGX, thus becoming the first European financial institution to issue bonds across the green, social and sustainability-linked bond formats. Proceeds will finance affordable housing loans as this issuance follows the publication of the company's social bond framework earlier in the month.
A EUR 4 bn climate awareness Euro-Area Reference Note (EARN) of the European Investment Bank (EIB), the largest climate awareness bond issued by the bank to date, was displayed on LGX. This comes shortly after the EIB announced the decision to issue climate awareness bonds in EARN format "in response to growing volumes of eligible disbursements and investor clamour for larger, more liquid bonds."
LGX Stats as at 30 April 2022
"Total securities" includes all bonds and fund share classes displayed on LGX.