$99.9 bn: Value of global sustainable bond issuance in the April-June quarter of 2020, a quarterly record.
- This was 65 per cent higher than the January-March quarter.
- Record quarterly issuance of both social bonds ($33 billion) and sustainability bonds ($19.1 billion) drove the strong combined total.
- Green bond issuance, at $47.8 billion, was 26% more than in the March quarter, but still modest when compared with the June quarter of 2019.
- Combined social and sustainability bond volumes are estimated to total $150 billion in 2020, mainly backed by the response to the coronavirus pandemic.
- According to Moody’s Investor Service, green bond issuances are expected to rebound in the second half of the year and forecast at $175-225 billion for 2020.
A few links for further reading
Insecure and uncertain in insurance business as Covid-18 damage claims mount
Insurance companies around the world were sailing smoothly, helped by growth in emerging markets and strong capitalisation. Things changed in late February when markets realised that Covid-19’s impact on insurers could be significant. Insurers are yet to know the full impact of the crisis as governments and regulators nudge them to give moratoriums to policyholders and quickly settle claims too. India’s insurance regulator has set strict deadlines for medical insurers to settle Covid-19 claims. General insurers face damage claims from businesses devastated by the national lockdown to contain the disease. Is insurance secured to survive, Joydeep Ghosh explains
There was a time when pay cuts we see today were a complete no-no; govt and public sector jobs were considered safe, as pay and pensions were both assured. Not any longer, it seems, writes T N Ninan
Quick approval, grace period
The COVID-19 pandemic has brought home the significance of health and life insurance like nothing else earlier. Even those who were blasé about these covers in the past are now looking to buy a new policy or want to enhance the sum insured on their existing ones. Meanwhile, the Insurance Regulatory and Development Authority of India (IRDAI) has been issuing a slew of guidelines to health/general and life insurance companies aimed at easing matters for customers.