Green bond issuance set for record despite Covid-19
High investor demand, especially for energy transition bonds, set to be further boosted by introduction of German 'twin bunds'
Green bond issuance so far during 2020 has exceeded that of the same period in 2019, despite a temporary slowdown during the height of Covid-19, and is on track for a record year. Issuance of all green bonds—which typically fund capital-intensive environmental projects—for the first eight months came to c.€132bn ($157bn). This exceeds c.€125bn for the same period in 2019, according to Dealogic data analysed by credit ratings company DBRS Morningstar. Last year, issuance hit a record after surging 51pc on 2018 figures. "Last year, had a very strong level of growth, and 2020 was expected to be an even more significant year of growth—but Covid-19 hit and put a dent both in green issuance and ca
Also in this section
19 April 2024
Cairo’s currency problems have hindered investment, but Pharos sees considerable potential as Egypt emerges from crisis
18 April 2024
The Norwegian energy company is concentrating its efforts on specific regions and assets that meet strict cost and carbon criteria
17 April 2024
Uzbekistan and Kazakhstan provide opportunities after Europe turns it back, while also offering another gateway to China
16 April 2024
Commentators need to shake off the myths of the past, with rising oil prices a boon for US economy