Tag: Bank

Asia-Pacific firms can become ESG global citizens, Deutsche Bank regional ESG head says

From manufacturing clothing in sweatshops to poor environmental practices, Asia-Pacific businesses have lagged behind the rest of the world for years on environmental, social and governance (ESG) matters.

Asian investors and businesses are increasingly considering how to address environmental and social factors at the start of their discussions about investing in projects or constructing portfolios, rather than trying to screen out bad actors late in the game, Khan said.

“This is an opportunity for them [to say] I can establish myself through ESG as a global citizen,” Khan said. “It is an opportunity for Deutsche Bank to support such companies,

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India Shadow Bank Dollar Bonds Drop After S&P Downgrades

(Bloomberg) — Credit scores of several Indian shadow lenders were downgraded by S&P Global Ratings due to liquidity risks amid an economic downturn brought on by the pandemic, triggering a drop in some of their bonds.

The rating company cut state-owned Power Finance Corp. and Bajaj Finance Ltd. into junk territory, according to a statement dated Friday. Shriram Transport Finance Co. Ltd. and Manappuram Finance Ltd. were lowered deeper into non-investment grade.

Power Finance’s dollar bonds due 2029 and Shriram Transport Finance’s notes maturing 2022 fell about 2 cents on the dollar Monday to 99.8 cents and 92.8 respectively, the

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