Green Bonds Market Summary - H1 2018

H1 at a glance

Green bonds for the first half of 2018 came from 156 issuers and totalled USD74.6bn, representing a 4% increase versus H1 2017.

Certified Climate Bonds accounted for 13% of volumes, up from 9% in H1 2017. June saw a new record for monthly certification issuance at USD6bn, with Certified deals coming from Australia Belgium, China, New Zealand and Norway.

H1 2018 also saw a surge in covered bond issuance: new deals accounted for over 70% of cumulative covered bond figures. To date, 85% of green covered bonds finance low carbon buildings. In Q2 2018, Landshypothek Bank issued the first green covered bond secured on FSC-certified forest assets.

China drove Q2 issuance from emerging markets at 80%, followed by Indonesia and South Korea at 7% each. Overall, emerging market green bonds (including supranationals) represent 28% of H1 volumes, versus 25% in 2017.

We welcomed sovereign issuance for four months in a row, with the latest debut sovereign green bond coming from the Republic of Lithuania. July has started with yet another re-opening of France’s sovereign Green OAT for an additional EUR4bn.

 

Download the full report here.

 

H1 highlights:

  • USD74.6bn of issuance
  • 670 green bond issues with 491 from the USA, 36 from Sweden and 35 from China
  • 156 issuers from 31 countries
  • 81 market entrants from 25 countries bring the total number of green bond issuers to 499
  • 48 green bond markets reached, including three H1 additions: Indonesia, Iceland and Lebanon
  • Lithuania brings the number of sovereign green bond issuers to 7
  • June issuance was strong with 44 deals in 14 countries and 19 new issuers

Download the full report here.

 

Previous Market Update Reports 

Green Bonds Market Summary - Q1 2018 is here.

Green Bond Highlights 2017 is here. 

Green Bonds Market Summary - Q3 2017 is here.

Green Bonds Mid-Year Summary Q1Q2 2017 is here. 

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Green Bonds Market Summary - H1 20181.87 MB