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Laxman Pai, Opalesque Asia: Sustainable finance is growing, despite the pandemic-driven economic slowdown. Sustainable bonds, in particular, have surged this year. In the second quarter alone there was more than $130bn in issuance.
According to new data from London-based Refinitiv, in the first half of 2020, sustainable bond issuance totaled $194.5bn, with the bulk of that coming thanks to a second-quarter surge in issuance activity.
The H1 202 bond issuance is up 47% from the same period in 2019 and more than double the value recorded in the first half of 2018, according to Refinitiv.
"Social bond issuance accelerated during the second quarter, driven by an increase in capital raising by sovereigns, multilaterals and banks for Covid-19 relief and recovery efforts," Refinitiv said in its report.
Refinitiv also said in total the number of sustainable bonds in existence increased 94% compared to a year ago.
Europe has predictably dominated the sustainable debt, loans, and M&A markets this year, but 79% of all equity capital markets activity came from the Americas, led by a $2.4bn issuance from NextEra Energy.
Meanwhile, Refinitiv has ranked several financial institutions by combining data from the group's products and company results to create the Refinitiv Deals Intelligence Sustainable Finance League Tables.
The group has leveraged its global deal and market volume analysis, covering 3.3 million transactions announced in 225 nations since the 1970s, ...................... To view our full article Click here
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