Green bond issuance nears USD 26bn prelim in Q1

Green bond issuance kept a good pace in 2018’s first quarter with 71 green bonds coming from 52 issuers, totalling USD25.8bn. Developed markets issued USD17.4bn, with a third of the volume coming from two Belgian deals: Belgium’s sovereign Green OLO and logistics company WDP’s green bond.

Issuance from emerging markets (including supra-nationals) is increasing, representing 32% of quarterly issuance compared to just 15% in Q1 2017.

Sovereigns played a central role, accounting for approximately a third of quarterly issuance in both developed and emerging markets. This trend is set to continue in the coming quarters.

Key Figures:

  • USD25.8bn of issuance
  • 71 green bond issues* with 11 from Sweden, 10 from China and 9 from the USA
  • 52 issuers from 21 countries
  • 25 market entrants from 12 countries bring the total number of green bond issuers to 440
  • 2 new countries – Iceland and Indonesia – bring the number of “green bond” countries to 47
  • 2 new issuers – Indonesia and Belgium – bring the number of sovereign green bond issuers to 6
  • March issuance was strong with 27 deals in 10 countries and 17 new issuers (7 from China)

Download the full report here (pdf). 

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