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TreasurySpring partners with the London Stock Exchange to offer short-term sustainable funding

By Joy Dumasia

May 12, 2022

  • Asset Management
  • ESG
  • Europe

By partnering with the London Stock Exchange, TreasurySpring offers issuers a unique opportunity to access short-term sustainable funding from its fast-growing client base of 100+ investors through the London Stock Exchange’s Issuer Services platform.

TreasurySpring’s clients will soon be able to access sustainable cash investment products from investment corporations and the 300+ products already available through TreasurySpring’s Fixed-Term Fund (FTF) platform. The partnership leverages TreasurySpring’s existing infrastructure and technology, with the London Stock Exchange providing accreditation for sustainable issuers based upon clear, transparent criteria. 

This collaboration builds upon TreasurySpring’s central belief of delivering ‘a better way’ for investment firms to raise short-term funding. Through the TreasurySpring platform, corporations will now have a simple, digital route to seek to raise short-term (<1 year) sustainable borrowing that aligns with their broader Environmental Social Governance (ESG) objectives, diversifies their financing sources, and can reduce funding costs. For TreasurySpring’s clients, the initiative offers a new opportunity for an excess cash investment to contribute positively to a firm’s ESG agenda without compromising on the core goals of maintaining security, matching liquidity and earning a fair return.

The London Stock Exchange continues to further its vision of serving customers across the funding continuum, encouraging innovation and reaffirming its commitment to supporting the growth of sustainable finance. The London Stock Exchange’s Issuer Services platform offers issuers access to the TreasurySpring platform through its Digital Treasury solutions, unlocking opportunities to manage their funding needs in an innovative and sustainable way. 

TreasurySpring’s FTFs are financial products that offer exposure to debt from a single investment-grade issuer for a fixed term. FTFs can provide access to highly-rated financial institutions, sovereigns, supranationals or corporations. The Jersey Financial Services Commission regulates all issuance vehicles on the TreasurySpring platform as alternative investment funds pursuant to the Alternative Investment Funds (Jersey) Regulations 2012. 

The London Stock Exchange will provide accreditation to recognise sustainable issuers through the TreasurySpring platform. This will utilise LSEG’s ESG data and methodology to identify companies that meet certain ESG metrics or are contributing to the green and sustainable economy through their business activity and funding frameworks. 

Kevin Cook, CEO and Co-founder, TreasurySpring, said: “We are thrilled to be entering into this exciting partnership with the London Stock Exchange. Our collaboration is built on a shared passion for finding a better way to deliver greater access, transparency and liquidity to markets in general and to short-term funding markets in particular, underscored by a strong commitment to the growth of sustainable finance.” 

Henry Adams, CPO, TreasurySpring, said: “Integrating our unique technology and infrastructure with LSEG’s experience, data, and frameworks means we can build a simple, digital solution to a problem that the market has been grappling with for some time. Bridging the gap between significant investor demand for transparent, sustainable cash investment products and the ever-increasing desire for large corporations to align their funding to their firm’s ESG agenda enables us to deliver genuine innovation in sustainable finance.” 

Darko Hajdukovic, Head of Platforms and Product, Primary Markets, London Stock Exchange, said: “As a market infrastructure provider committed to encouraging innovation, we look forward to collaborating with TreasurySpring. The London Stock Exchange is committed to supporting the expansion of sustainable finance through its equity and fixed income markets, and we look forward to extending this to the short-term debt markets through our Issuer Services platform.” 

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