Forum Views - March 2023
Welcome to interactive presentation, created with Publuu. Enjoy the reading!
FORUM VIEWS - MARCH 2023
corporate issuers’ access to international investors. Signed
with the State Bank of India (SBI) and the India International
Exchange (IFSC) Limited (India INX) respectively, these
MoUs - which were aimed at promoting green finance in
India - marked the first two agreements ever to be signed by
LuxSE with Indian institutions.
In recent years, LGX has placed a strong emphasis on
helping issuers across emerging economies break into the
realm of sustainable finance, introducing a number of new
initiatives and services in the process.
In May 2020, LuxSE established the LGX Academy, which
offers sustainable finance courses to financial
professionals across developed and emerging markets,
providing a hands-on pragmatic tool to navigate the
market’s complexities.
Later that year, the LGX DataHub was launched. A
centralised database providing investors and asset
managers with granular and structured sustainability data,
it covers close to the entire universe of the world’s listed
sustainable debt securities, helping users to understand
and compare the green and social impact of different GSSS
bonds.
In 2021, LuxSE also established the LGX Assistance
Services to support potential issuers that are eager to enter
the sustainable bond market. Through this service,
sustainable finance experts assist issuers in the pre-
issuance process in a number of ways, such as providing
technical support with the structuring and review of the
framework, peer comparison, as well as guidance on the
post-issuance allocation and impact reporting best
practices.
Debates around sustainability and India’s net zero
commitments will undoubtedly continue to impact the
country's rapidly evolving financial landscape over the
coming years - and in LuxSE, Indian market participants
have a strong and well-versed ally that could play an
important role in helping accelerate this much-needed
transition.
Transparency and education to broaden the reach of
sustainable finance
In May 2020, LuxSE established
the LGX Academy, which offers
sustainable finance courses to
financial professionals across
developed and emerging
markets, providing a hands-on
pragmatic tool to navigate the
market’s complexities.
Building on these MoUs, in June 2022 India INX and LuxSE
took another important step by signing a first cooperation
agreement to enhance the visibility of listed Indian
securities towards international investors by facilitating the
admission of such securities on LuxSE.
During the ceremony held in India’s Gujarat International
Finance Tec (GIFT) city, the parties also announced the
admission on LuxSE of a green bond issued by the Indian
company Power Finance Corporation. The EUR 300 million
green bond, which was already listed on India INX, is now
also registered on LuxSE’s Securities Official List and
displayed on the Luxembourg Green Exchange (LGX),
LuxSE’s sustainable finance platform. This is the second
Indian green bond to be displayed on LGX, the first one
being a USD 650 million green bond from the State Bank of
India that was listed at LuxSE and displayed on LGX in
November 2020.
Ever since the emergence of sustainable finance, LuxSE has
been a driving force in bringing sustainable investment
opportunities to the market through LGX, the platform
recognised by the United Nations for its leading role in
advancing the sustainable finance agenda.
Today, LGX displays over 1,600 sustainable bonds from 260
issuers in 50 countries, raising a total of EUR 840 billion for
sustainable development across the world, and making it
the world’s leading platform for green, social, sustainability
and sustainability-linked (GSSS) bonds.
LuxSE and LGX - helping pave the way towards net zero
Arnaud Delestienne, Director of International Capital Markets, Member of the
Executive Committee
He is the Director of International Capital Markets and a member of the Executive
Committee of the Luxembourg Stock Exchange (LuxSE) where he leads the firm’s
overall commercial strategies and its international primary market activities.
Before joining LuxSE, Arnaud spent 23 years at Clearstream, where he honed his
expertise in network management and product development while holding
positions as Executive Vice-President and head of its Eurobonds business line.
Over the past two decades, he has experienced and contributed first-hand to the
transformation of the Eurobond issuance process with its implication for post-
trade activities. He was also appointed to various international trade
associations and industry working groups, including the International
Organisation for Standardisation (ISO), the Association of National Numbering
Agencies (ANNA) and the International Capital Market Association (ICMA).
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64