LGX Corner - January

During the Abu Dhabi Sustainable Finance Forum, we became the first European exchange to sign the Abu Dhabi Sustainable Finance Declaration and officially join the mission of contributing to the growth of sustainable finance and development in the region.

Launched in 2019, the Abu Dhabi Sustainable Finance Declaration aims to strengthen the sustainability footprint of the United Arab Emirates and increase the depth and quality of green finance products in Abu Dhabi.  

The LGX DataHub now includes structured sustainability data on more than 10,000 listed green, social, sustainability and sustainability-linked (GSSS) bonds from over 2,400 issuers worldwide, which represents close to the entire universe of the world’s listed sustainable debt securities. 

Managed by our LGX team, the tool offers a unique and granular coverage of GSSS bonds and is an essential data source when building sustainable investment strategies, comparing the green and social impact of different securities and reporting on these investments.

The LGX Academy is back with a series of business-focused, practical online courses. Access more information on each of our courses by clicking on the links below and register via the form available on the webpage.

Now adapted to a wider audience, the next courses will take place from 15:00 to 17:00 CET to accommodate different time zones. 

The investment was made through a USD 25 million bond issued by Micro Small and Medium Enterprises Bonds S.A. (sponsored by Symbiotics) and listed on the Luxembourg Stock Exchange. The proceeds will be channelled to invest in Banco Internacional's USD 79 million blue bond.  
 
The blue bond will finance investments in the value chain of the sustainable fisheries and aquaculture sectors, contributing to several Sustainable Development Goals (SDGs). 
 
Access to domestic capital markets is essential to boost economic growth in frontier and emerging economies. International investors are frequently faced with restrictions and complications when it comes to accessing domestic capital markets. This case is evidence of the relevance of European investors gaining access to local securities. 
 
“We are happy to be able to offer a solution which permits European investors to access the domestic Ecuadorean capital market, thereby facilitating the access to domestic capital markets and widening investment opportunities for European investors,” commented Symbiotics Investments' Transaction Legal and Structuring Analyst, Valeria Ortega Berzunza.

Berlin Hyp AG's first dual tranche ESG bond issuance, combining a social and a green "pfandbrief" and totalling EUR 1 bn, was listed on LuxSE and displayed on LGX. Oversubscribed more than 3.5 times, it was met with strong demand from European investors and will finance affordable housing and green buildings projects.

The Central American Bank for Economic Integration (CABEI) brought its new social bond to LGX. The USD 50 m proceeds will (re)finance the "My New School" programme in El Salvador, a project that supports the reconstruction and remodelling of the infrastructures of 186+ school.

Pirelli made its debut on LGX with its first EUR 600 m sustainability-linked bond, the first of the tyre sector globally. The sustainability performance targets are linked to 1) the reduction of Scope 1 and 2 absolute GHG emissions by 42% by 2050, and 2) the reduction of Scope 3 GHG emissions from purchased raw materials by 9% by 2025. 

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