BNP Paribas

Standard Lithium Provides Update on Phase 1A Commercialization Progress, Announces Engagement of Citi for Strategic Financing and Partnerships

Retrieved on: 
Monday, December 4, 2023

The Company has engaged Citi to facilitate strategic financing and partnership options for the Phase 1A Project, as well as for advancing the broader South West Arkansas project and the Company’s initiatives in East Texas.

Key Points: 
  • The Company has engaged Citi to facilitate strategic financing and partnership options for the Phase 1A Project, as well as for advancing the broader South West Arkansas project and the Company’s initiatives in East Texas.
  • In line with its strategic focus on core operations, LANXESS Corporation (“LANXESS”) has communicated its plans to commercialize its role in the Phase 1A Project alongside Standard Lithium.
  • These agreements will form the basis of the operational framework for the Phase 1A Project.
  • With the Phase 1A Project’s ownership and operational structure now clearly defined, Standard Lithium is well-placed to optimize project partnerships and structure off-take agreements that capture the full potential value of the project.

Standard Lithium Provides Update on Phase 1A Commercialization Progress, Announces Engagement of Citi for Strategic Financing and Partnerships

Retrieved on: 
Monday, December 4, 2023

The Company has engaged Citi to facilitate strategic financing and partnership options for the Phase 1A Project, as well as for advancing the broader South West Arkansas project and the Company’s initiatives in East Texas.

Key Points: 
  • The Company has engaged Citi to facilitate strategic financing and partnership options for the Phase 1A Project, as well as for advancing the broader South West Arkansas project and the Company’s initiatives in East Texas.
  • In line with its strategic focus on core operations, LANXESS Corporation (“LANXESS”) has communicated its plans to commercialize its role in the Phase 1A Project alongside Standard Lithium.
  • These agreements will form the basis of the operational framework for the Phase 1A Project.
  • With the Phase 1A Project’s ownership and operational structure now clearly defined, Standard Lithium is well-placed to optimize project partnerships and structure off-take agreements that capture the full potential value of the project.

Green Finance and Governance: From Commitments to Actions -- the Global Forum between SMU and RUC successfully concluded

Retrieved on: 
Thursday, November 23, 2023

The Forum brought together experts, industry leaders and academics from Singapore, China and around the world to discuss the theme of "Green Finance and Governance: From Commitments to Actions".

Key Points: 
  • The Forum brought together experts, industry leaders and academics from Singapore, China and around the world to discuss the theme of "Green Finance and Governance: From Commitments to Actions".
  • Prof. Ye also highlighted the important achievements of China-Singapore cooperation in the field of green finance and called for more wisdom and strength for the cause of green finance.
  • The successful conclusion of this Global Forum marks a new milestone in the interdisciplinary exchange and collaboration between SMU and RUC in the field of green finance and governance.
  • It also provides a strong impetus for the sustainable development of green finance and lays a solid foundation for the future development of green finance.

Pattern Energy Closes $11 Billion Financing of Largest Clean Energy Infrastructure Project in U.S. History

Retrieved on: 
Wednesday, December 27, 2023

Pattern Energy Group LP (Pattern Energy), a leader in renewable energy and transmission infrastructure, has closed an $11 billion non-recourse financing and begun full construction of SunZia Transmission and SunZia Wind, which together is the largest clean energy infrastructure project in U.S. history.

Key Points: 
  • Pattern Energy Group LP (Pattern Energy), a leader in renewable energy and transmission infrastructure, has closed an $11 billion non-recourse financing and begun full construction of SunZia Transmission and SunZia Wind, which together is the largest clean energy infrastructure project in U.S. history.
  • “Our hope is this successful financing of the largest clean energy infrastructure project in American history serves as an example for other ambitious renewable infrastructure initiatives that are needed to accelerate our transition to a carbon free future,” said Hunter Armistead, CEO of Pattern Energy.
  • “We are very grateful to all of our financial partners who are backing SunZia as part of this record-setting project financing.
  • SunZia Transmission and Pattern Energy have partnered with the New Mexico Renewable Energy Transmission Authority (RETA) on the development of the transmission project in New Mexico.

FINRA Names Feral Talib as Executive Vice President and Head of Surveillance and Market Intelligence

Retrieved on: 
Thursday, December 21, 2023

FINRA announced today that it has appointed Feral Talib as Executive Vice President and Head of Surveillance and Market Intelligence.

Key Points: 
  • FINRA announced today that it has appointed Feral Talib as Executive Vice President and Head of Surveillance and Market Intelligence.
  • He will report to Stephanie Dumont, Executive Vice President and Head of Market Regulation and Transparency Services .
  • “I am excited to be joining FINRA and to have the opportunity to lead its Surveillance and Market Intelligence unit.
  • Prior to BNP Paribas, Talib was a Vice President at Goldman Sachs, where he held a variety of leadership roles, including overseeing its Market Surveillance and Investigations group.

Forge Enhances Institutional Focus with Appointment of Chris Lane

Retrieved on: 
Wednesday, December 20, 2023

Forge Global Holdings, Inc. (“Forge”) (NYSE: FRGE), a leading provider of marketplace infrastructure, data services and technology solutions for private market participants, today announced that Chris Lane has joined Forge as Managing Director, Head of Institutional Relationship Management.

Key Points: 
  • Forge Global Holdings, Inc. (“Forge”) (NYSE: FRGE), a leading provider of marketplace infrastructure, data services and technology solutions for private market participants, today announced that Chris Lane has joined Forge as Managing Director, Head of Institutional Relationship Management.
  • Lane joins Forge with 25 years of capital markets experience managing institutional relationships.
  • “With an extensive background in institutional sales and senior relationship management at BNP, Bank of America and Goldman Sachs, Chris’ knowledge and understanding of what matters most to our institutional clients enhances our ability to serve them,” said Kelly Rodriques, CEO of Forge.
  • And I look forward to introducing new clients to the Forge advantage and working with our roster of institutional clients to help them capitalize on the benefits Forge can deliver.”

Valley National Bank Promotes Russell Barrett to Senior Executive Vice President, Chief Operations Officer

Retrieved on: 
Tuesday, December 19, 2023

Valley National Bank, the wholly-owned subsidiary of Valley National Bancorp (NASDAQ:VLY), announced today the promotion of Russell Barrett to Senior Executive Vice President, Chief Operations Officer (COO).

Key Points: 
  • Valley National Bank, the wholly-owned subsidiary of Valley National Bancorp (NASDAQ:VLY), announced today the promotion of Russell Barrett to Senior Executive Vice President, Chief Operations Officer (COO).
  • Barrett joined Valley in 2021 and served as the Chief Transformation Officer the past two years, overseeing the Bank’s enterprise change and transformation efforts and leading Valley’s successful core conversion initiative this past year.
  • Prior to that, Barrett led Bank Leumi USA’s technology and strategic digital transformation efforts as CIO.
  • As Valley’s new COO, Barrett will play a critical role working with Valley’s senior executive leadership team to deliver the bank’s strategic vision.

Manaos and ESG Book partner to empower investors with transparent sustainability data

Retrieved on: 
Tuesday, December 19, 2023

LONDON and PARIS, Dec. 19, 2023 /PRNewswire/ -- ESG Book, a global leader in sustainability data and technology, today announced a new partnership with Manaos, a subsidiary of BNP Paribas and modular investment services platform, built to simplify how institutional investors centralise portfolio data, connect ESG information, and report on the sustainability of their investment.

Key Points: 
  • With coverage of over 50,000 companies globally, leading investors rely on ESG Book's real-time, transparent sustainability insights for security selection, portfolio management, and analytics.
  • The collaboration combines Manaos' open-architecture platform with ESG Book's comprehensive data suite to empower institutional investors and asset managers to meet complex sustainability requirements, and enable enhanced ESG investment decision-making.
  • Dr Daniel Klier, CEO of ESG Book, said: "Driven by fast-changing market requirements and global regulation, demand for accessible, transparent ESG data is increasing worldwide.
  • Manaos' investment services marketplace enables investors to connect portfolio data with asset managers' fund inventories and ESG providers in a seamless and cost-efficient way to fulfil numerous use cases, including fund look-through, ESG data enrichment, and ESG reporting.

Capitolis Novations Platform Gains Strong Momentum within FX Options Market

Retrieved on: 
Wednesday, December 13, 2023

Capitolis , the technology company creating safer and more vibrant capital markets, has onboarded most major buy-side and sell-side market participants to its FX novations platform.

Key Points: 
  • Capitolis , the technology company creating safer and more vibrant capital markets, has onboarded most major buy-side and sell-side market participants to its FX novations platform.
  • Capitolis’ Novations platform, the only FX novation platform on the market, helps drive efficiencies, safely expanding execution opportunities within the FX market and further reducing its risk and capital footprint.
  • Capitolis continues to grow the network of bank and non-bank customers on its FX novations platform, providing scale to facilitate higher novation volumes and optimize FX options portfolios.
  • Earlier this year, the company announced a significant innovation to its groundbreaking automated novations service in FX: automation of agency novations while maintaining anonymity, a first of its kind for the FX options market.

CDB Aviation Enters Into Inaugural Sustainability Linked Loan for $625 Million

Retrieved on: 
Thursday, December 7, 2023

CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. (“CDB Leasing”), announced today that the lessor entered into its inaugural Sustainability Linked Loan (“SLL”) on December 1, 2023, anchored with a $625 million syndicated term loan facility.

Key Points: 
  • CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. (“CDB Leasing”), announced today that the lessor entered into its inaugural Sustainability Linked Loan (“SLL”) on December 1, 2023, anchored with a $625 million syndicated term loan facility.
  • “This innovative facility marks a landmark transaction for the aviation finance space,” underscored Jie Chen, CDB Aviation’s Chief Executive Officer.
  • Moody’s Investors provided the Second Party Opinion as to the appropriateness of the KPIs and SPTs, confirming the conformity of the facility with the Sustainability Linked Loan Principles (“SLLPs”), with a best-in-class SQS2 rating.
  • Crédit Agricole Corporate and Investment Bank acted as Sole Sustainability Agent, as well as Lead Sustainability Structuring Advisor jointly with BNP Paribas and the Hong Kong and Shanghai Banking Corporation.