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Webinar

Open to all

02 Jul 2025

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Overview

Date: 2 July 2025
Time: 15:00 (CET) / 14:00 (GMT)
Duration: 1 hour

Overview

SLBs issued by sovereigns have been acknowledged as ‘landmark transactions’ in the SLB market, presenting a new opportunity for investors to assess government commitment and capacity to manage ESG risks e.g. sovereign-level climate risks. SLBs offer an opportunity for investors to engage with sovereign-level commitments, for example,in delivery of the Nationally Determined Contributions associated with the Paris Agreement on Climate Change - integrating these voluntary commitments into a debt structure provides a strong sense of policy accountability to the market across government cycles. However, since the SLBs were primarily designed for corporate issuers, the issuance of such products has raised specific questions for public entities.

When sovereigns come to market with SLBs, what areas should their KPIs be targeting? What benchmarks would be relevant? How investors assess alternative structures such as step-downs? How the ambition of a sovereign issuer’s SPT can be estimated?

Moderated by:

Samuel Mary, Senior Vice President and ESG research analyst, PIMCO
Cédric Merle, Centre of expertise & Inoovation, Natixis CIB Green & Sustainable Hub
Paul O'Connor, Head of EMEA Sustainable Finance - J.P. Morgan

Guest panellists:

Victoria Buscio, Lead Advisor at the Sovereign Debt Management Office (DMO) - Ministry of Economy and Finance of Uruguay
Barbara Oldani, Lead of the Sustainable Sovereign Debt Hub - NatureFinance
James Seward, Senior Financial Officer - World Bank Treasury

This webinar is designed to be interactive. Panellists will respond to questions from the audience.

To submit your question in advance please send it to sustainabilitybonds@icmagroup.org

If you’re unable to attend, register today to receive a recording of the webinar. The event will be held in English and is open to all market participants.

Register here.

Overview of the latest developments in the sustainable bond markets: an ICMA and BofA Securities training workshop (by invitation only)
Organised by: ICMA and BofA Securities
Time: 08:30 - 16:30 SGT, Tuesday, June 27
Venue: The Westin Singapore

ICMA and BofA Securities will hold a one-day training workshop aimed at regulators, issuers, investors and other market participants from the APAC region on June 27 at the Westin Singapore. The workshop will cover a comprehensive range of topics including: an overview of the Principles, financing themes such as climate transition, blue and biodiversity, overview of the EU/ASEAN taxonomies, an update on external reviews, disclosures and reporting as well as a case study on sustainability-linked bond issuance. Presenters will include representatives from ICMA, IFC, Ministry of Economy, Trade and Industry of Japan, BofA Securities, RAM Sustainability and Dentons Hong Kong.

Roundtable on Singapore GFIT Taxonomy (invitation only)
Organised by ICMA
Time: 10:00-11:30 SGT, Tuesday, 27 June 2023
Venue: Singapore

Roundtable on global and Asian transition finance (invitation only)
Organised by ICMA
Time: 15:30-17:00 SGT, Tuesday, 27 June 2023
Venue: Singapore

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ICMA Sustainable Finance webinar series: SLB Market - Sovereign SLBs

Overview

Register here.

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