DBS Bank has ranked first in Bloomberg’s Asia (ex Japan) league tables for green loans for its role as Mandated Lead Arranger (MLA) from 1 January this year to 25 August.
During this period, DBS extended USD1.36 billion worth of green loans across eight deals to finance eligible green projects such as renewable energy projects and green buildings. The projects aim to address key areas of environmental concern such as climate change, natural resources depletion and loss of biodiversity, among others. Around one third of these green loans complied with the additional and stricter criteria and guidelines of the Green Loan Principles under the Loan Market Association and the Asia Pacific Loan Market Association. Read more…..
Chart of the Day
Jim Paulsen, chief investment strategist at the Leuthold Group, joins “Squawk Box” to discuss what he’s seeing in the markets, what he expects to hear from Federal Reserve Chairman Jerome Powell from the virtual Jackson Hole summit and more.