Bank of America sold a first-of-a-kind COVID-19 bond

Update – Market 

Bank of America Corp on Thursday sold a debut $1 billion corporate bond, the first from a global commercial bank with the specific purpose of financing parts of the health industry as it battles the coronavirus pandemic.

The debt offering fits within the “doing-good” or “sustainable investments” niche, but with the twist of being the first from a major bank to fund clients on the front lines of the COVID-19 crisis.

It also adds to a recent shift in focus within the sustainable finance movement.

Already, the team tracked issuance of global new bonds with a “social good” at a record $11.9 billion in the first quarter of 2020, and sustainability bond supply at $13.4 billion for the same period, mainly as multilateral development banks rushed to finance their coronavirus response.

Moody’s chart breaking down sustainable bond issuance since 2018.
Bank of America has been a leader in green and sustainable finance in recent years, including at its Bank of America Tower at One Bryant Park in New York City, which was the first U.S. commercial high-rise to achieve LEED platinum certification.
source marketwatch

BANK OF AMERICA   NEW YORK CITY     BOND

Update – Fashion

Louis Vuitton Pre-Collection FW20 Menswear Patterns leaf camouflage monogram camo fall winter 2020 virgil abloh printed bag

Louis Vuitton‘s Virgil Abloh-headed offerings for the intermediate Pre-Collection Fall/Winter 2020 continue rolling out. Following the “LV Electric” selection, the luxury house has prepped two more ranges of patterned goods: “Camo Monogram” and “Leaf.”

The former was already introduced with a series of bags and the accompanying garments sport complementary patterns.

Louis Vuitton Pre-Collection FW20 Menswear Patterns leaf camouflage monogram camo fall winter 2020 virgil abloh printed bag

Detailing informs the Camo Monogram wearables, with a sequin jacket and harness bolstered by a wool/silk bled overcoat, leather-sleeved stadium jacket and woven T-shirt, all emblazoned with stylized camouflage and Louis Vuitton’s unmistakable monogram.

Executed in sturdy denim and breathable cotton jersey, the items elevate classic American silhouettes with premium detailing.

Louis Vuitton recently donated 2,500 face masks to New York’s MTA staff.

source hypebeast

LOUIS VUITTON     NEW YORK     FASHION

Suspect Identified in Violent Attack on Bus Thanks to Public’s Help

Update – Local News, Canada   Vancouver

New Westminster – An appeal to the public, by Metro Vancouver Transit Police, has led to the identity of a suspect who allegedly assaulted a woman while on a bus.

On May 12, 2020, Metro Vancouver Transit Police appealed to the public for help in identifying a man who allegedly attacked a woman, pulling her hair and punching her multiple times while on a bus.

The suspect in this incident has been identified, thanks to tips from the public, as a 48-year-old Vancouver resident, of no fixed address, who was well known to police. The investigation determined that the suspect passed away from an apparent drug overdose approximately one week after this incident.

Metro Vancouver Transit Police would like to thank the media and the public for their assistance in this investigation.

source reddit