Latest news with #CTP
Business Wire
7 hours ago
- Business
- Business Wire
CTP announces the signing of a €500 million unsecured syndicated sustainability-linked loan facility
AMSTERDAM--(BUSINESS WIRE)--Regulatory News: CTP N.V. ('CTP' or the 'Company'), Europe's largest listed developer, owner, and manager of logistics and industrial real estate by gross lettable area, today announces the successful signing of a 5-year 1 €500 million unsecured syndicated sustainability-linked loan facility at a fixed all-in cost of 3.7%. The syndication met very strong demand from both existing and new lenders resulting in being over 2x oversubscribed. SMBC and ING acted as Global Coordinators and Sustainability Coordinators. The syndicate comprises a group of 13 European and Asian banks. The facility will be primarily used to refinance the syndicated loan executed in 2023 allowing CTP to achieve material interest savings and reduce the overall cost of debt. About CTP CTP is Europe's largest listed owner, developer, and manager of logistics and industrial real estate by gross lettable area, owning 13.4 million sqm of GLA across 10 countries as at 31 March 2025. CTP certifies all new buildings to BREEAM Very good or better and earned a negligible-risk ESG rating by Sustainalytics, underlining its commitment to being a sustainable business. For more information, visit CTP's corporate website: 1 Facility tenor is 3+1+1 years with the extensions at CTP's discretion
BBC News
a day ago
- BBC News
Counter-terrorist bodies call issue summer holiday warning to parents
A number of UK agencies involved in fighting terrorism have issued a warning to parents that their children could be vulnerable to being influenced online during the summer holidays. For the first time, Counter Terrorism Policing (CTP), MI5, and the National Crime Agency (NCA) have issued a joint statement calling for greater vigilance. It is encouraging parents to discuss online safety with their children, alongside things like putting parental controls on devices and routers. The groups said they are increasingly seeing children "being routinely exposed to the most serious harmful online content". The groups said some of the most extreme content children were being exposed to includes "sexual violence; self-harm and suicide content; extreme gore; animal cruelty; indecent images of children; and terrorist content".In its statement, the groups said some of the children who come to the attention of the CTP and the NCA are "completely desensitised to extreme and obscene content".Vicki Evans, counter terrorism policing's senior national coordinator for Prevent, said that dealing with safety online in "the ever-developing digital world it can feel like an uphill battle"."We want parents to empower their children to know what to do if they come across inappropriate content online," she said. The National Crime Agency's Alexander Murray said that there is a "fast-growing threat from sadistic and violent online gangs, made up predominantly of teenage boys" - something which had been identified in its recent threat assessment. He said these groups are committed to "inflicting harm and committing a range of criminality which includes fraud, cyber, child sexual abuse, violence and extremism/terror related offences".The prevalence of younger offenders has been seen as part of a trend, with MI5 saying 2023 saw the highest number of arrests for young people since records began - with 42 of the 219 people investigated for terrorism being 17 or under. In 2024, 39 young people were investigated for terrorism-related offences. MI5's Director General, Sir Ken McCallum said the trend was "deeply concerning" and: "In a few short clicks, young people can be speaking to dangerous radicalising terrorists online, consuming violent and extremist content."
Cision Canada
7 days ago
- Business
- Cision Canada
ASC alleges breach of Alberta securities laws by crypto asset trading platform CatalX CTS Ltd. and its CEO and CFO
CALGARY, AB, July 17, 2025 /CNW/ - The Alberta Securities Commission (ASC) has issued a Notice of Hearing against CatalX CTS Ltd. (operating as Catalyx), Hyuek Jae Park (Park) and Jae Ho Lee (Lee). At the time of the alleged misconduct, Lee was chief financial officer and Park was chief executive officer of Catalyx. The Notice of Hearing alleges that Lee perpetrated a fraud on Catalyx clients and that Catalyx failed to comply with a written undertaking it had given the ASC to permit it to continue operating in Canada while its application for registration as an authorized crypto asset trading platform (CTP) was being reviewed by the Commission. At the time of the alleged misconduct, CTPs operating in Canada were required to sign a pre-registration undertaking in order to continue operations while their application for registration was under review. As part of the undertaking, CTPs were required to comply with terms and conditions to address investor protection concerns. More information about the regulation of CTPs is available on the Canadian Securities Administrators website. According to the Notice of Hearing: Beginning in February 2019, Lee improperly withdrew at least $14,030,000 CAD worth of clients' crypto assets from the Catalyx CTP, and transferred them to accounts he controlled at other CTPs. Lee subsequently returned some crypto assets to the Catalyx CTP, leaving it with a substantial shortfall. Lee also misappropriated clients' fiat currency deposits for unauthorized purposes. By November 24, 2023, Park was aware that Lee perpetrated a fraud on clients of Catalyx, but Catalyx failed to inform the ASC of this material breach of the written undertaking until December 21, 2023. In further breach of the written undertaking, Catalyx failed to establish, maintain and apply policies and procedures to manage and mitigate the risk of an employee misappropriating clients' fiat currency and crypto assets that were meant to be held in trust for clients. These are allegations and have not been proven in a hearing. An appearance to set a date for a hearing will be held on September 15, 2025 in the ASC Hearing Room, located on the 5th floor, 250 – 5 Street S.W., Calgary, Alberta. A copy of the Notice of Hearing can be found on the ASC website. The ASC gratefully acknowledges the assistance of the BC Securities Commission, the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), and the Financial Market Authority Liechtenstein. The ASC is the regulatory agency responsible for administering the province's securities laws. It is entrusted with fostering a fair and efficient capital market in Alberta and with protecting investors. As a member of the Canadian Securities Administrators, the ASC works to improve, coordinate and harmonize the regulation of Canada's capital markets.
Business Times
09-07-2025
- Business
- Business Times
Singapore sustainable bond issuances jump 80% to S$13.3 billion in 2024: MAS
[SINGAPORE] The volume of green, social, sustainability and sustainability-linked (GSSSL) bonds, as well as transition bonds issued in Singapore, hit S$13.3 billion last year, up 79.7 per cent from 2023. This is in line with the rise in bond issuances globally, due to a more benign interest rate environment, said the Monetary Authority of Singapore (MAS) in its sustainability report on Wednesday (Jul 9). GSSSL loans originated from Singapore also rose for the seventh consecutive year, with over S$48 billion in loans issued. Singapore accounts for more than half of Asean's market for GSSSL bonds and loans, making it the region's largest market for these instruments, MAS noted. The 'economic case for Asia's transition is growing', said MAS chairman Gan Kim Yong. 'As energy demand in South-east Asia grows, we will also work with our Asean partners to support the financing of key infrastructure such as the Asean Power Grid to strengthen regional energy integration,' he said. A NEWSLETTER FOR YOU Friday, 12.30 pm ESG Insights An exclusive weekly report on the latest environmental, social and governance issues. Sign Up Sign Up MAS' chief sustainability officer Gillian Tan noted that close to S$1.1 trillion in financing is needed over the next decade to ramp up the region's renewable energy capacity, upgrade existing power grid infrastructure and invest in battery storage systems. Active equity strategy Separately, MAS provided two updates on its Climate Transition Programme (CTP) – it has begun shifting CTP equities portfolio from passive to active management, and is extending the programme to its corporate bonds portfolio. In FY2023, MAS allocated about 2 per cent of its portfolio, or slightly over $8 billion, to the CTP. The allocation, from the equities portion of the central bank's official foreign reserves, was invested into companies in two climate indices – otherwise known as a passive strategy. The shift to an active strategy – where portfolio managers pick investments – allows MAS 'to be nimbler as geopolitical and climate policy uncertainties shift', said the central bank. It noted that in portfolios managed against climate indices, index weights are influenced by longer-term factors such as green revenue. However, constituent prices may be affected by short-term factors, such as energy or weather shocks, or policy uncertainty. 'Hence, active management can help to mitigate financial risks and enhance resilience of the portfolio,' said MAS. MAS further believes that active management will help it to better understand the trade-off between investment performance and carbon reduction. This is by 'observing how portfolio managers calibrate their investment decisions when their performance is measured against climate indices instead of conventional market capitalisation-weighted indices', MAS explained. Next steps could include developing a framework to assess the performance of active portfolio managers, taking both investment returns and climate resilience into account. Climate metrics could include carbon emissions, green revenue, and climate value-at-risk. 'Monitoring of portfolio managers' active investment strategies will also improve understanding of the drivers of financial performance and climate risk profile of the portfolio,' said MAS. Such monitoring includes reviewing deviations in countries, sectors, and companies between the active portfolio and climate benchmarks. 'This process will help refine and enhance the design of the active investment programme over time, and achieve its dual financial and climate risk mitigation objectives,' said MAS. Corporate bonds The central bank has also decided to 'gradually tilt' its corporate bond portfolio towards less carbon-intensive exposures. It plans to align the portfolio more closely with the low-carbon transition, using climate indices. 'We will initiate the programme with a small allocation, with the aim of scaling up over time,' MAS said. It noted that corporate bonds are relatively less impacted by climate risks than equities, as bonds generally have shorter duration. Corporate bond investors are also higher up the capital structure as creditors, compared to shareholders. However, climate risks can still cause corporate creditworthiness to deteriorate, impacting bond values, MAS noted. 'Implementing appropriate climate risk mitigation measures for corporate bonds is also important for creating a climate-resilient portfolio,' it said. Lowering emissions MAS' total emissions for FY2024 fell 21.8 per cent compared to the previous year. The chiller plant upgrading in Currency House brought Scope 2 emissions down by 9.1 per cent. Meanwhile, emissions from outsourced currency operations fell 36.4 per cent. MAS said that it is on track to achieve its emissions reduction targets. The central bank aims to reduce its Scope 1 and Scope 2 emissions, as well as Scope 3 emissions from business air travel, by 17.5 per cent by FY2025, compared to FY2018. The FY2030 target is a 30 per cent reduction. It also plans to reduce Scope 3 emissions from outsourced currency operations by 10 per cent by FY2025, and by 20 per cent by FY2030. The central bank has encouraged Singaporeans to avoid withdrawing newly-printed notes for the Chinese New Year, instead opting for good-enough existing notes, called 'Fit-for-Gifting' notes. During this year's festivities, the number of Fit-for-Gifting notes exchanged rose 38 per cent to 16.2 million. This translates to emissions savings of 517 tCO2e, comparable to powering 280 four-room HDB flats annually. Emerging areas MAS plans to continue working with the financial industry on emerging areas, such as nature-related risks and opportunities. The central bank seeks to be 'risk-proportionate, pragmatic and flexible' in its engagement, said Tan. Talent development is another key focus. Since the launch of the Sustainable Finance Jobs Transformation Map in last year, at least 4,100 financial sector professionals across over 100 financial institutions have been trained in sustainable finance through IBF-accredited or recognised courses. Over 8,200 Skills Badges have also been awarded to individuals who have completed IBF-accredited sustainable finance courses.
Business Times
09-07-2025
- Business
- Business Times
Singapore sustainable bond issuances rebound to S$13.3 billion in 2024: MAS
[SINGAPORE] The volume of green, social, sustainability and sustainability-linked (GSSSL) bonds, as well as transition bonds issued in Singapore, hit S$13.3 billion last year, up 79.7 per cent from 2023. This is in line with the rise in bond issuances globally, due to a more benign interest rate environment, said the Monetary Authority of Singapore (MAS) in its sustainability report on Wednesday (Jul 9). GSSSL loans originated from Singapore also rose for the seventh consecutive year, with over S$48 billion in loans issued. Singapore accounts for more than half of Asean's market for GSSSL bonds and loans, making it the region's largest market for these instruments, MAS noted. The 'economic case for Asia's transition is growing', said MAS chairman Gan Kim Yong. 'As energy demand in South-east Asia grows, we will also work with our Asean partners to support the financing of key infrastructure such as the Asean Power Grid to strengthen regional energy integration,' he said. A NEWSLETTER FOR YOU Friday, 12.30 pm ESG Insights An exclusive weekly report on the latest environmental, social and governance issues. Sign Up Sign Up MAS' chief sustainability officer Gillian Tan noted that close to S$1.1 trillion in financing is needed over the next decade to ramp up the region's renewable energy capacity, upgrade existing power grid infrastructure and invest in battery storage systems. Active equity strategy Separately, MAS provided two updates on its Climate Transition Programme (CTP) – it has begun shifting CTP equities portfolio from passive to active management, and is extending the programme to its corporate bonds portfolio. In FY2023, MAS allocated about 2 per cent of its portfolio, or slightly over $8 billion, to the CTP. The allocation, from the equities portion of the central bank's official foreign reserves, was invested into companies in two climate indices – otherwise known as a passive strategy. The shift to an active strategy – where portfolio managers pick investments – allows MAS 'to be nimbler as geopolitical and climate policy uncertainties shift', said the central bank. It noted that in portfolios managed against climate indices, index weights are influenced by longer-term factors such as green revenue. However, constituent prices may be affected by short-term factors, such as energy or weather shocks, or policy uncertainty. 'Hence, active management can help to mitigate financial risks and enhance resilience of the portfolio,' said MAS. MAS further believes that active management will help it to better understand the trade-off between investment performance and carbon reduction. This is by 'observing how portfolio managers calibrate their investment decisions when their performance is measured against climate indices instead of conventional market capitalisation-weighted indices', MAS explained. Next steps could include developing a framework to assess the performance of active portfolio managers, taking both investment returns and climate resilience into account. Climate metrics could include carbon emissions, green revenue, and climate value-at-risk. 'Monitoring of portfolio managers' active investment strategies will also improve understanding of the drivers of financial performance and climate risk profile of the portfolio,' said MAS. Such monitoring includes reviewing deviations in countries, sectors, and companies between the active portfolio and climate benchmarks. 'This process will help refine and enhance the design of the active investment programme over time, and achieve its dual financial and climate risk mitigation objectives,' said MAS. Corporate bonds The central bank has also decided to 'gradually tilt' its corporate bond portfolio towards less carbon-intensive exposures. It plans to align the portfolio more closely with the low-carbon transition, using climate indices. 'We will initiate the programme with a small allocation, with the aim of scaling up over time,' MAS said. It noted that corporate bonds are relatively less impacted by climate risks than equities, as bonds generally have shorter duration. Corporate bond investors are also higher up the capital structure as creditors, compared to shareholders. However, climate risks can still cause corporate creditworthiness to deteriorate, impacting bond values, MAS noted. 'Implementing appropriate climate risk mitigation measures for corporate bonds is also important for creating a climate-resilient portfolio,' it said. Lowering emissions MAS' total emissions for FY2024 fell 21.8 per cent compared to the previous year. The chiller plant upgrading in Currency House brought Scope 2 emissions down by 9.1 per cent. Meanwhile, emissions from outsourced currency operations fell 36.4 per cent. MAS said that it is on track to achieve its emissions reduction targets. The central bank aims to reduce its Scope 1 and Scope 2 emissions, as well as Scope 3 emissions from business air travel, by 17.5 per cent by FY2025, compared to FY2018. The FY2030 target is a 30 per cent reduction. It also plans to reduce Scope 3 emissions from outsourced currency operations by 10 per cent by FY2025, and by 20 per cent by FY2030. The central bank has encouraged Singaporeans to avoid withdrawing newly-printed notes for the Chinese New Year, instead opting for good-enough existing notes, called 'Fit-for-Gifting' notes. During this year's festivities, the number of Fit-for-Gifting notes exchanged rose 38 per cent to 16.2 million. This translates to emissions savings of 517 tCO2e, comparable to powering 280 four-room HDB flats annually. Emerging areas MAS plans to continue working with the financial industry on emerging areas, such as nature-related risks and opportunities. The central bank seeks to be 'risk-proportionate, pragmatic and flexible' in its engagement, said Tan. Talent development is another key focus. Since the launch of the Sustainable Finance Jobs Transformation Map in last year, at least 4,100 financial sector professionals across over 100 financial institutions have been trained in sustainable finance through IBF-accredited or recognised courses. Over 8,200 Skills Badges have also been awarded to individuals who have completed IBF-accredited sustainable finance courses.
