Standard Chartered was sole structurer and lender of the Bahamas’ US$300 million conservation-linked conversion in 2024 [IC].
Right of reply
This page describes Standard Chartered only through its published statements and the public records of the deals listed. Standard Chartered has not yet been invited to comment. Responses and corrections will be recorded here with their date. On register pages, [MS] marks a claim that rests only on the institution’s own statement or on statements by parties to the same deal.
In the register
The register follows instruments whose terms depend on a verified ecological outcome, the broad family of the performance-based bond. The register index explains its tiers, roles and claim tags.
| Deal | Year | Family | Role | Amount | Claim |
|---|---|---|---|---|---|
| The Bahamas conservation-linked conversion | 2024 | Debt-for-nature conversion | Sole structurer and lender | US$300m loan | [IC] |
| World Bank Clean Cooking Outcome Bond (Ghana) | 2025 | Outside scope | Bookrunner | US$200m issue | [IC] |
The Bahamas loan is backed by an IDB guarantee of US$200 million, a Builders Vision guarantee of US$70 million and US$30 million of excess-of-loss credit insurance from AXA XL [MS]. Eleven conservation milestones run over 15 years; late milestones trigger escrowed payments and some failures are events of default [MS].
Related
- Nature Performance Bond Investor Register
- Inter-American Development Bank
- Builders Vision
- AXA
- The Nature Conservancy
References
- The Nature Conservancy, The Bahamas nature bond case study
- Clifford Chance, advising Standard Chartered on the Bahamas (November 2024)
- BNN Bloomberg, StanChart seals Bahamas debt swap (22 November 2024)
- World Bank, Clean Cooking Outcome Bond (12 December 2025)
- BNN Bloomberg, StanChart joins banks eyeing swaps Credit Suisse once dominated
Provenance
Drafted on 15 October 2026 from the research brief Nature performance bond investors.md, compiled the same day from five research strands: outcome-linked and sustainability-linked bonds, environmental impact bonds, debt-for-nature conversions, insurers and reinsurers, and the largest asset managers with their regulatory context. Claim tags follow the brief, which never upgraded a claim without a source and lowered to [MS] any claim a research note had graded [IC] on the strength of a company’s own release. The headquarters country in based_in comes from general knowledge unless a deal record states it, and is to be confirmed. The brief’s search had limits: fund holdings filings, municipal bond disclosures and the Oxford INDIGO and Brookings impact bond databases were not searched, so a deal missing from this page may exist.