Green Bonds Market Summary - Q1 2018

Green Bonds Market Summary - Q1 2018

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.

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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)

2017 green bond issue volume revised to USD160.8bn

Our annual numbers for green bond issuance in 2017 have been revised from USD155.5bn to USD160.8bn (see page 2 of the document for more details).

Download the full report here.


Previous Market Update Reports 

Green Bond Highlights 2017 is here. 

Green Bonds Market Summary - Q3 2017 is here.

Green Bonds Mid-Year Summary Q1Q2 2017 is here.