In a Linked In post, repo markets expert Richard Comotto provided an updated list of 25 deals that have been publicized to date between December 2020 and September 2024. He noted that among the announced deals for ESG-related repo, there is a lack of detail about key parameters such as size, rate and tenor.
The transacting firms since 2023 included (buyer-seller and amount where available):
- MUFG-Doha Bank
- Natixis-Banco de Brasil ($100 million)
- HSBC-Bank of East Asia
- Credit Agricole CIB-Fubon Bank ($50 million)
- Bank of China (Hong Kong)-Credit Agricole (CIB) (RMB500 million/$70.8mn)
The transactions were under a variety of repo structures named: green repo, triple sustainable repo, and green reverse repo.
“Repos are merely financing programmes which have green or ESG objectives. There’s nothing much, if at all, green about the repos, although some would argue that any use of green collateral is a valid claim to make,” he wrote.