2019 issuance as of 13th December reached USD235.7bn, bringing the total global issuance to USD753bn. So far December saw 6 new issuers, making up 37% of total recorded volume for the month up to 13th December. Of 19 issuers in total, 8 were non-financial corporates and 4 financial corporates. Italian Bank Intesa Sanpaolo returned to the market with its second green bond.
Overall issuance in November 2019 amounted to USD15.5bn, down from USD30bn in November 2018 and equating to a decrease of 48% year on year. Volume also saw a drop compared to October 2019 when USD26.4bn of green bonds were issued. USD15.5bn is the second lowest monthly figure in 2019 after August. As of 30th November, 2019 issuance had reached a total of USD229.8bn.
The LAC green bond market has picked up strongly in 2019. As of 2 July 2019 (the report’s cut-off date), issuance stood at USD3.7bn, or 3x higher than H1 2018 and 40% up on H1 2017. Driven by Chile’s two sovereign green bonds, it has compensated for a weak 2018.
Following a weak 2018 due to the global slowdown in bond issuance and regional factors, green bond issuance from LAC issuers has picked up pace significantly in 2019. Chile’s two recent green sovereign deals, totalling USD2.4bn, made the country the first in LAC and 12th globally to issue a green sovereign. They contributed 19% of LAC’s total volume to date.
Success ultimately came in November 2008, when the World Bank issued the green bond. The bond created the blueprint for today’s green bond market. Since then, the World Bank has raised more than US$13 billion through almost 150 green bonds in 20 currencies for institutional and retail investors all over the globe.
Tackling climate change, building climate and disaster resilience, and enhancing environmental sustainability is a priority of ADB's new Strategy 2030. ADB is committing $80 billion in climate finance cumulatively between 2019 and 2030, and is ensuring that at least 75% of its projects will address climate change mitigation and adaptation by 2030.
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