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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  HSBC Holdings plc    HSBA   GB0005405286

HSBC HOLDINGS PLC

(HSBA)
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HSBC, IFC Raise $474 Million for Emerging-Markets Green Bond Fund

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05/20/2020 | 08:28am EDT

By Dieter Holger

 

HSBC Global Asset Management and the International Finance Corporation said Wednesday that they have raised $474 million for a green bond fund that tackles climate change in emerging economies.

The British asset manager said its HSBC Real Economy Green Investment Opportunity GEM Bond Fund directs money into emerging markets to help countries transition to cleaner energy and mitigate the adverse impacts of climate change.

"Emerging market countries have been hit by some of the worst impacts of climate change and many are insufficiently equipped to address them," HSBC said.

HSBC and the IFC, a member of the World Bank Group, each pledged $75 million as anchor investors and seven other private investors are expected to add funds later this year, HSBC said.

"To achieve a close of this size in the current market environment proves the importance that institutional investors place on impact investing in emerging markets," said Nicolas Moreau, global chief executive of HSBC Global Asset Management, in prepared remarks.

 

Write to Dieter Holger at dieter.holger@wsj.com; @dieterholger

 

Stocks mentioned in the article
ChangeLast1st jan.
AT HOME GROUP INC. 2.06% 16.85 Delayed Quote.206.36%
CHANGE INC. 8.56% 11290 End-of-day quote.288.24%
GEM CO., LTD. 6.26% 5.6 End-of-day quote.14.99%
HSBC HOLDINGS PLC -0.71% 341.3 Delayed Quote.-42.34%
JUST GROUP PLC -6.00% 51.7 Delayed Quote.-34.56%
THE GLOBAL LTD. 0.00% 205 End-of-day quote.-56.48%
WILL GROUP, INC. 3.77% 716 End-of-day quote.-42.81%
WORLD CO., LTD. 0.06% 1572 End-of-day quote.-41.58%
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Financials (USD)
Sales 2020 50 175 M - -
Net income 2020 3 737 M - -
Net Debt 2020 - - -
P/E ratio 2020 23,8x
Yield 2020 1,94%
Capitalization 90 469 M 90 612 M -
Capi. / Sales 2020 1,80x
Capi. / Sales 2021 1,81x
Nbr of Employees 232 764
Free-Float 98,1%
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Mean consensus UNDERPERFORM
Number of Analysts 24
Average target price 4,85 $
Last Close Price 4,47 $
Spread / Highest target 63,6%
Spread / Average Target 8,60%
Spread / Lowest Target -16,9%
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Managers
NameTitle
Noel Paul Quinn Group Chief Executive Officer & Executive Director
Mark Edward Tucker Non-Executive Group Chairman
John M. Hinshaw Group Chief Operating Officer
Ewen James Stevenson Chief Financial Officer & Executive Director
May Lung Cha Independent Non-Executive Director
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