Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Euronext Amsterdam  >  ING Groep    INGA   NL0011821202

ING GROEP (INGA)
Mes dernières consult.
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets
OFFRE ETE Zonebourse : Jusqu'à 6 mois offerts sur tous les portefeuilles

Interview - UK water utility's green bond is start of a 'new wave' -ING

share with twitter share with LinkedIn share with facebook
share via e-mail
0
10/02/2017 | 12:58pm CEST

LONDON (Reuters) - Anglian Water's issuance of the first water utility green bond in Europe should pave the way for more such instruments which should help the market grow, Dutch bank ING's (>> ING Groep) head of sustainable capital markets said.

LONDON (Reuters) - Anglian Water's issuance of the first water utility green bond in Europe should pave the way for more such instruments which should help the market grow, Dutch bank ING's (>> ING Groep) head of sustainable capital markets said.

Green bonds are a growing category of fixed-income securities, which raise capital for projects with environmental benefits.

In July, UK-based water Anglian Water issued a 250 million pound ($335 million) green bond, which was also the first public utility green bond issued in sterling.

Proceeds from the bond will finance or refinance new and existing environmentally-friendly projects such as water recycling and drought and flood resilience schemes.

"Anglian Water is the start of a new wave. Multilateral institutions (such as the World Bank) started the green bond market, then energy utilities and real estate companies followed," said Hans Biemans, head of sustainable capital markets.

"This year and in 2018, we will see a lot more issuance by commercial banks. The next wave will be other pure-play companies who are environmentally conscious such as water companies, air purification and the forestry sector," he added.

"The big question is - who is after that?" Biemans said.

That wave of issuers should be corporates of all kinds, Biemans said, ranging from global corporates such as McDonald's Corp. (>> McDonald's Corporation) to industrial and telecoms companies.

Spending on sustainable products, including research and development, is eligible for green financing and most companies have the most impact through their products, Biemans said.

For example, U.S. coffee giant Starbucks Corp. (>> Starbucks Corporation) issued green bonds in 2016 and 2017 with a total value of around $1.2 billion to help finance sustainable coffee purchasing.

Dutch energy network group Alliander also issued a 300 million euro (264.67 million pounds) bond last year for investments in smart grids and meters.

"We must allow investors to finance all stages of the product ... We see (corporate) issuance growing gradually but it could grow much faster if people understand how it can be done."

Although green bonds make up a small fraction of the overall bond market, demand has grown significantly as investors seek lower-carbon investments.

Global green bond issuance reached around $62 billion in the first half of this year, according to Moody's Investor Service.

Biemans sees the market reaching a value of $100-120 billion this year, but could grow faster if emerging market country issuance swells. In Europe, however, growth depends on whether corporates enter the market or not.

Estimates on the value of the market this year vary but are in the range of $90-150 billion.

(Reporting by Nina Chestney, editing by David Evans)

By Nina Chestney

Stocks mentioned in the article
ChangeLast1st jan.
COCA-COLA COMPANY (THE) 0.37% 43.25 Delayed Quote.-6.08%
MCDONALD'S CORPORATION 2.50% 164.55 Delayed Quote.-4.40%
STARBUCKS CORPORATION 1.22% 51.24 Delayed Quote.-9.07%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on ING GROEP
06/22ING GROEP : More rate hikes 'possible' to temper peso weakness - ING
AQ
06/21Breakfast Technical Briefing on Genworth Financial and Three Other Additional..
AC
06/21ING GROEP : Ventures invests in API and blockchain-powered trade platform, Trade..
AQ
06/19ING GROEP : What’s your View on sustainability?
PU
06/18EVRY ASA :  EVRY down-selected to exclusive contract negotiations with Geldservi..
AQ
06/18ING GROEP : Tulips, windmills and… solar panels?
PU
06/17ING GROEP : and AXA Announce Digital Partnership to Build a Global Insurance Pla..
AQ
06/15PRF : Unaudited consolidated turnover of AS PRFoods in May 2018
AQ
06/14ING GROEP : and AXA announce digital partnership to build a global insurance pla..
AQ
06/14SCORPIO BULKERS INC. : Announces a Commitment for a New Loan Facility
AQ
More news
News from SeekingAlpha
06/22Non-U.S. multinational banks perk up as eurozone economy revives 
06/22TAKE THAT : (The U.S.) Rule The World 
06/14Federal Reserve Board approves rule on risk concentration at banks/counterpar.. 
06/08Can The ING Tortoise Grow Into A Hare? 
05/29Euro worries amid turmoil in Italy 
Financials (€)
Sales 2018 17 902 M
EBIT 2018 7 717 M
Net income 2018 5 047 M
Debt 2018 -
Yield 2018 5,60%
P/E ratio 2018 9,62
P/E ratio 2019 9,05
Capi. / Sales 2018 2,71x
Capi. / Sales 2019 2,62x
Capitalization 48 519 M
Chart ING GROEP
Duration : Period :
ING Groep Technical Analysis Chart | INGA | NL0011821202 | 4-Traders
Technical analysis trends ING GROEP
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 16,2 €
Spread / Average Target 30%
EPS Revisions
Managers
NameTitle
Ralph A. J. G. Hamers Chairman-Executive Board & Chief Executive Officer
Gerardus Johannes Wijers Chairman-Supervisory Board
J. V. Timmermans Chief Financial Officer
Henk W. Breukink Independent Member-Supervisory Board
Robert W. P. Reibestein Independent Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
ING GROEP-17.42%56 542
JP MORGAN CHASE & COMPANY-1.11%360 055
INDUSTRIAL AND COMMERCIAL BANK OF CHINA-8.55%301 669
BANK OF AMERICA-1.80%293 940
WELLS FARGO-11.09%262 843
CHINA CONSTRUCTION BANK CORPORATION-8.07%251 244