Muthaura added that the Authority will continue engaging with potential issuers in order to create a pipeline of green bond issuers
to facilitate the effective matching of demand and supply of green-centric capital and climate-resilient investing opportunities.
The audit agency noted other irregularities involving PhilHealth's reserve funds, including unaudited financial statements, the lack of evaluation of the bond issuers
' capacity to pay interest on securities, and unethical investments, including one in a holding company engaged in power generation and distribution.
"However, it attempts to slightly reduce risk by avoiding the lowest-quality corporate bond issuers
(the lowest-ranking 10% in each sector).
It was formed as an integral part of policy actions agreed under the Asian Bond Market Initiative to promote the development of bond markets, mainly by providing credit guarantees to ASEAN+3 bond issuers
. 'Having a developed and integrated bond market is integral for a country to unlock more investments geared towards economic growth and development,' said Director General of ADB's Private Sector Operations Department Michael Barrow.
In 2019, Gulf conventional bond issuances exceeded $25bn with Qatar leading among the Gulf bond issuers
with a $12bn bond issuance.
We also assess the financial implications of a default as 'Strong' as a default could harm the access to capital markets for other GREs in Shanghai as BFG and its subsidiaries are regular bond issuers
in domestic and international markets and are of bigger scale than other Fitch-rated Shanghai GREs.
CGIF, a trust fund of the Asian Development Bank, commenced its guarantee operations in May 2012 and seeks to provide credit enhancements, mainly in local currencies, issued by credit-worthy Asean+3-domiciled bond issuers
Understanding the relationship between bond issuers
and China's central government is one of the most important issues an investor must master before venturing into the $12 trillion local-currency bond market -- the third largest in the world after the US and Japan.
Key economic programmes such as Saudi Vision 2030 and projects such as Dubai Expo 2020 will facilitate greater investor interest in potential GCC convertible bond issuers
across diverse sectors, said Fisch Asset Management, a global leader in convertible and corporate bond strategies.
Beijing is encouraging foreign bond issuers
as it seeks to internationalise its yuan or renminbi currency and open up sour.
The proportion of sovereign bond issuers
with investment grade ratings continues to fall, driven in part by an increase in riskier emerging market debt issuance, says Moody's Investors Service in a report.