- Deals of the Year 2020: ESB’s €500m Public Green Bond marks the inauguration of an ESG financing strategy for the state’s largest energy utility
The successful launch of ESB’s inaugural public Green Bond, aligned with ICMA’s Green Bond principles, initiated a green financing strategy by the utility.
- Deals of the Year 2020: Aviation Finance, Airline Financing: Ryanair’s inaugural bank debt facility
Ryanair entered the Covid-19 crisis, an event that hit aviation particularly severely compared with most other sectors, with one of the strongest balance sheets amongst independent airline operators. Its funding programmes have been recognised in past Finance Dublin Deals of the Year Awards and its inaugural bank debt facility arranged in the autumn of last year was in place to support its balance sheet as the Covid crisis hit.
- Deals of the Year 2020: Innovative Financing by the Twenty20 Beef Club
A global first in the beef sector, that gives beef farmers a guaranteed market for their product with a predictable and transparent pricing formula while creating a closed loop supply chain for beef customers
- Deals of the Year 2020: Avenue Capital’s investment in Castlehaven to boost its funding record of Irish housing, already at €785m and rising
‘This €250 million deal with Avenue Capital Group strengthens the organisation’s position to support homebuilders and developers deliver vital housing as the industry adjusts to unprecedented post-pandemic challenges’.
- Deals of the Year 2020: First corporate sustainability-linked RCF, and Greencore’s record tender offer, used to return capital to investors
A decision to exit the US market saw Greencore return capital through the innovative use of a very large tender offer. The method was selected in favour of payment of a special dividend following consultation with investors. In tandem with the capital return the company worked with its banking partners to close on a sustainability-linked revolving credit facility, a first for an Irish corporate.
- Deals of the Year 2020: Beechbrook Ireland SME credit fund established as an AIFM under the Limited Partnership Act 1907
The Fund invests in Irish small to medium-sized companies with a focus on regional investment and targeting a capital raise of €100 million.
- The plight of Castletownbere is a case study of how innovative and quick acting fiscal policy can protect the economy in the Covid Crisis
21st March 2020:
The Irish Examiner report that Castletownbere Fishermen's Co-op
with 500 livelihoods is in threat of closure because fresh fish markets have collapsed is a case in point of how the Irish Government can use its top rank credit rating to implement "All that it takes"
fiscal policy. At risk is not just this important part of the economy's infrastructure, with 400 self employed fishermen and 100 PAYE taxpayers in the processing plant. It is a case study in microcosm of enterprises and jobs that are in trouble the length and breadth of the Republic right now.
- HSBC Ireland is supporting local charities in the fight against COVID-19
13th May 2020 - Dublin, Ireland - HSBC Ireland is joining in the fight against COVID-19 through funding local charities and supporting their relief and recovery efforts in the midst of the Coronavirus pandemic. The bank has donated €30,000 to The Community Foundation of Ireland to support its COVID-19 Response Fund, aimed at addressing the immediate needs of organisations impacted by the virus. Throughout 2020, HSBC Ireland will donate €230,000 to charities and causes throughout Ireland.
- Revenue Announces tax deferment for stamp duty on credit cards to July
18th March 2020, 1730 hrs: In a statement the Irish Revenue Commissioners said: "Revenue changes the collection of stamp duty on credit cards to July. Today (18/03/2020), in light of the Minister for Finance, Paschal Donohoe, setting out plans to defer the collection of stamp duty on credit cards, Revenue has confirmed that the stamp duty on credit cards will not be collected until 1 July 2020".
- Investment Funds 2019: Foreign Exchange (FX) – the asset class
The importance of FX risk management to institutional investors has grown significantly in recent years writes RBC Investor & Treasury Services’ Roger Exall. He says this has been primarily due to currency volatility caused by geopolitical events coupled with further expansion into new markets, whether that be mature, emerging, and/or frontier. He says that not all institutional investors are implementing an effective FX strategy to measure and manage the associated risks, while ensuring they are optimizing execution efficiency.