green-bond-market

Green bond market report: 1st CBI certified Asian GB frm HFE; Repeat GB’s frm KEXIM ($400m), Mass Clean Water $207m, Ontario CA$750m($537m)& OPIC $14m. Plus US Muni GB’s frm San Diego $100m & Uni Texas $206m. Plenty of green gossip too!

The first certified green bond in Asia, a flurry of municipal green bonds from three corners of the US: Texas (University of Texas), Massachusetts (Mass Clean Water) and California (San Diego) and repeat green issuances from Korea’s KEXIM, Canada’s Province of Ontario and the US governments’ OPIC. Plus a first time green issuance from New York's MTA this week rounded of a busy start to the month.

China MKT Update: the green dragon is stirring with RMB 32.6bn ($5bn) of green bonds issued already in Jan, including a blockbuster RMB 20bn ($3.5bn) from SPD 中国绿色债券市场一鸣惊人,1月份已发行50亿美元!

At the end of last year we saw the tip of the Chinese green bond market iceberg surface with the first Chinese corporate green bond from Goldwind and first Chinese green domestic issuance from Agricultural Bank of China (ABC).  The momentum built with the the People's Bank of China (

Mkt update: roaring wk in GB mkt -Renovate America 1st labeled Green ABS $201m +2nd review! Big demand HSBC €500m 4x oversub; Oslo NOK1.5bn, CN’s $65m water, Repeats from EDC, EIB, OPIC, detail on SocGen; & gossip!

Corporate

HSBC inaugural  500m ($547m) green bond is BIG success with 4x oversubscribed (0.625%, AAA, 10 yrs)

Update: 1st GB from Mexico by Nafin, Climate Bonds Certified!! 3 reasons to get excited about Canada & GB’s; 1st JPN corp GB from SMBC, Hawaii’s 2nd GB, KfW GB $1.5bn. Oct issuance tops yr. Sustainability bonds from DBJ & BNG explained

The first green bond from Mexico issued by Nacional Financiera (Nafin), certified by Climate Bonds!! Check out our blog for full details!!

We see municipalities and development banks quickly catching up on green bond issuance over the past week or so! For three key issuances covered in this blog, we as usual share our thoughts on the green credentials of these bonds and further dive into the eligible projects under use of proceeds.