In a niche corner of global debt markets, a product first structured three years ago by a group of Credit Suisse bankers is having a moment.
The instrument — a so-called debt-for-nature swap — is designed to refinance government debt and put savings toward sustainable projects. Only two banks — Credit Suisse and Bank of America Corp. — had ever arranged such swaps as recently as last year. Now, at least five more banks have similar deals in the works.
Standard Chartered Plc has a new swap in the pipeline and BNP Paribas SA is exploring a deal, according to …
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Publish date : 2024-10-16 08:00:00
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