Finance
Muni Bond Deals Continue to Help Global Green Issuance
- San Francisco, New York’s MTA did green bond deals in January
- Corporate green issuance slumped, though a revival is expected
Photographer: Chris Ratcliffe/Bloomberg
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American cities borrowing to fund environmentally-friendly projects continue to help drive green bond issuance, data compiled by Bloomberg show.
Green muni bond sales -- including deals from San Francisco’s Public Utilities Commission, New York City’s Metropolitan Transportation Authority and Maine’s Governmental Facilities Authority -- were about $1 billion in January 2020, up from $972 million in December. Issuance reached approximately $9.8 billion in 2019, the second-biggest annual issuance total in data going back to 2013.