Author Bio
Carole Sanz-Paris
Carole Sanz-Paris leads the debt capital markets team at IDB Invest. She is a specialist in fixed income, structured finance transaction execution, sale-side research, and credit analysis. She defines herself as passionate about investing with social impact. Carole has more than 20 years of experience in global capital markets; she has been responsible for the structuring, execution and placement of many complex financial structures, including securitizations. She has published extensively on the relative value of fixed income products and credit analysis, having developed her interest in social responsibility and impact investing while earning her Executive MBA from Oxford University.
Posts by Carole Sanz-Paris
A Few Very Good Reasons to Protect the Integrity of Gender Bonds
Latin America and the Caribbean has become a leading region in gender bond issuance aimed at bolstering women’s empowerment. These instruments offer a promising capital market solution to mobilize funds towards projects that help accelerate parity.
Trending: Markets' Growing Appetite for Sustainability
The investment community in Latin America and the Caribbean longs for two things these days: innovation and thematic bonds. This flourishing interest in environmental, social and governance matters will be critical to financing the construction of a better world.
Three Ways to Protect the Sustainability-Linked Bond Market
The risks involved in sustainability-liked bonds often focus on insufficiently robust and ambitious targets and KPIs, improperly crafted incentives and structural loopholes. All these can be alleviated with better monitoring of issuers.
Fighting Greenwashing & Other Risks in the Sustainability-Linked Bond Market
Sustainability-linked bonds provide issuers with much leeway for the use of proceeds and market participants are getting a better understanding of their risks and rewards, as well as how they can be “gamed”. Green-washing is only one of several risks looming.
Sustainability-Linked Bonds Come With Great Perks for Businesses
Sustainability-linked bonds have key perks for issuers including ensuring the walk-the-talk of sustainability and corporate strategies; use of funds for general corporate purposes; investor attraction and diversification; potential ‘greenium’, and others.
As ESG Investors Look for Returns, Sustainability-Linked Bonds are the Hot New Thing
SLBs are new type of ESG-friendly bonds with variable coupons tied to sustainability targets. As opposed to green, social or sustainable bonds, issuance proceeds are not tied to specific green or social projects or assets; the focus is on the company’s ability to meet its commitments.