The Rise of ESG Lending: Trends and Considerations

Corporate & Institutional

As with many areas of finance and investment, Environmental, Social, and Governance (ESG) consideration have increasingly made their presence known in the world of loan issuance. According to BloombergNEF, more than US$1.6 trillion in sustainable debt instruments were issued in 2021.[1] Nearly one-third of this activity occurred in loans rather than bonds.

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Sterling LIBOR Transition to SONIA: Important Work Remains to be Done in 2022

Corporate & Institutional

235,900: This figure represents the number of contracts in the UK that have yet to transition from reliance on London Interbank Offered Rates (LIBOR) to the new Sterling Overnight Index Average, or SONIA, according to January 2022 data from the Financial Conduct Authority (FCA). These contracts include interest-rate derivatives, bonds, securitisations, loans, mortgages and other products. They represent £472 billion in value, per the FCA.

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Factors in the Balance: 2022 Loan Market Considerations

Corporate & Institutional

We are now entering a third calendar year where the impacts of COVID-19 continue to inform strategic and operational decision making both in loan markets and in broader financial contexts. At the same time, central banks globally have been increasingly clear about their intent to readjust the approach to interest rates and stimulus programs that provided pandemic support. A new economic reality may be coming into play.

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