The global green bond market hit a new all-time quarterly high in the second quarter of 2019 as issuers brought USD 66.6 billion of green bonds to market globally, boosting the first half of 2019 issuance to a record USD 117 billion
August 12, 2019. By News Bureau
Moddy’s latest analysis has discovered that the global green bonds issuance in the present financial year are projected to reach and possibly even cross the record USD 200 billion mark.
The global green bond market hit a new all-time quarterly high in the second quarter of 2019 as issuers brought USD 66.6 billion of green bonds to market globally, boosting the first half of 2019 issuance to a record USD 117 billion.
“Following its strong performance so far this year, the green bond market remains on course to eclipse our 2019 forecast of USD 200 billion of total issuance,” the agency, an arm of the financial services firm Moody’s Corporation, said in its newest report.
It further that the first-half issuance was 47 percent higher than issuance in the same period of 2018 after issuance grew just 11 percent year-on-year between the first six months of 2017 and 2018.
This growth came despite a 1.9 percent decline in overall global bond issuance during the same period. Corporates were the strongest contributors to overall issuance, with USD 14.9 billion of non-financial corporate issuance and USD 13.6 billion of financial corporate issuance accounting for 22 percent and 20 percent of total volumes, respectively.
“European issuers had a leading 54 percent market share, supported by a large debut USD 6.7 billion sovereign green bonds from the Government of the Netherlands,” the report said. It added that green bond issuance has expanded rapidly in both China and India after national green bond guidelines came into effect.
AI will move from being a good-to-have technology to a must-have technology
We Need to Create Employment Opportunities that would Inspire Women to Join Clean Energy Space
There Must be a Penal Mechanism on Discoms for Delay in Signing PPAs, Payments Release
India’s Power Sector Must be Financially, Physically Resilient to Secure Investments it Needs