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Climate Bonds 2016 Highlights: The big issuers: The big numbers: The trends that count and a 2017 forecast A record year with green bond issuance of USD 81bn, up 92% on 2015 figures
The Trends A maturing of the green bonds market, diversification across issuers, products and use of proceeds are the main trends identified in our Green Bonds Highlights 2016 summary. The Big Numbers 92% – growth on 2015 making 2016 the most prolific year to date USD 11.8bn – November issuance, the largest month on record 24 – number of countries with green bond issuers 27% – proportion of Chinese issuers 241 – number of labelled green bonds issued (median size USD133.7m) >90 – number of new issuers >50 – number of repeat issuers USD 4.3bn – largest single green bond ever issued from the Bank of Communications (China) 1st Sovereign – Republic of Poland became the world’s first sovereign issuer
China the Big Mover Green bond debt raised by Chinese entities rose from 8th in 2015 to 1st place in 2016, accounting for more than a quarter of the 2016 global total. This follows increasing awareness of environmental issues in China which has been followed through to policy and financial decision-making. More information on major developments is available in English and Chinese in our special China Green Bonds Market 2016 report. Read More Highlights There’s more to read in the full summary, download it here.
The Last Word – Three things to watch for in 2017 More issuance from sovereign and sub-sovereign issuers as governments try to mobilise green investment and support market liquidity. Policy developments will push green finance even further as the G20 nations prioritise climate action. This will also encourage greater harmonisation of green bond guidelines across markets. Over-subscription of green bonds and tight pricing will remain and we expect to see more issuers from lower rating bands coming to market. ‘Till next time |
