Article
Bond issue sounds ethical alarm
Environmental organisations have warned that major banks may be contravening their environmental and social policies by helping to finance controversial projects indirectly...Recently, they sounded the alarm over a US$1 billion bond sold to international investors by the state-owned Export-Import Bank of China (China Exim), the world's third-largest export credit agency. Like most bond issues, it was co-ordinated and underwritten by several global banks, including Merrill Lynch, HSBC, Citigroup, BNP Paribas and Goldman Sachs. [also refers to Lahmeyer, ABN Amro]