EBRD issues $1.5 bln 5-year Global Bond

The FINANCIAL — The European Bank for Reconstruction and Development (EBRD, Aaa/AAA/AAA) successfully launched a USD 1.5 billion Global bond issue, the Issuer’s third USD benchmark since the beginning of the year, and follows on from their USD 1.5bn 3-year in June. …

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EBRD and EU help DAMAMAX to improve telecommunications services in Jordan

The FINANCIAL — The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) are providing a financial package of up to US$ 5 million to Jordan’s telecommunications provider Al-Hadatha Telecom and Technology PSC (DAMAMAX) to support the expansion of the company’s fibre-to-the-premises (FTTx) services.…

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Lufthansa appoints Remco Steenbergen as new CFO

The FINANCIAL — The Supervisory Board of Deutsche Lufthansa AG appointed Remco Steenbergen as a new member of the company’s Executive Board. Remco Steenbergen will assume the position of Chief Financial Officer effective 1 January 2021. His contract will run until 31…

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World Bank prices long-dated Australian Dollar Bonds Totaling AUD 1.65 bln

The FINANCIAL — The World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) priced a long-dated 5-year AUD 1.1 billion and a 10-year AUD 550 million Sustainable Development Bond representing IBRD’s largest-ever AUD issuance and the largest for the Sovereigns, Supranationals,…

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EU Commission issued €17 bln EU SURE social bonds

The FINANCIAL — The European Commission issued a €17 billion inaugural social bond under the EU SURE instrument to help protect jobs and keep people in work. The issuing consisted of two bonds, with €10 billion due for repayment in October 2030…

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PepsiCo released update on $1 bln Green Bonds

The FINANCIAL — PepsiCo, Inc. (NASDAQ:PEP) released its 2020 Green Bond Report which provides an update on the allocation of the use of net proceeds from its first ever Green Bond, issued in October 2019 for $1 billion. As disclosed at issuance, the Green Bond’s net proceeds…

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