Green Bond Pricing in the Primary Market: April - June 2017

Green Bond Pricing in the Primary Market: Latest Climate Bonds Analysis for Q2 2017

Our Quarterly comparison between the behaviour of selected green and vanilla bonds in the primary market continues. The data sample expands further with the second report of the Green Bond Pricing in the Primary Market series. 

Download the full report here.


Report Highlights :

-Ten EUR and nine USD labelled green bonds issued in Q2 2017 were analysed

-The pool of green bond issuers continues to grow, extending investor choice

-Issuers of green bonds reiterate that they can access a broader investor base compared to vanilla bonds

-54% of green bonds were allocated to dedicated green investors. Green and ESG based mandates are supporting market growth

-Oversubscription and tight pricing are a feature of the market

-EUR Corporate credit performed particularly well in the immediate secondary market


This publication is part of an ongoing series. The next edition will monitor qualifying bonds issued in Q3 July to September 2017. As well as the metrics we have included here, we may examine other ways of comparing green bonds to a vanilla sample.

Stay tuned!


Download the full report here.



Disclosure: The paper was prepared jointly by the Climate Bonds Initiative and the International Finance Corporation (IFC) with support and funding from Pax World Mutual Funds(link is external)Obvion Hypotheken(link is external), and Rabobank(link is external). Additional funding was received from the Ministry of Finance of Japan(link is external) and the Government of the Kingdom of Denmark through the Ministry of Foreign Affairs(link is external)

Disclosure: Several organisations named in this communication are Climate Bonds Partners. A full list of Partners can be found here.

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