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Blue Wave Is Seen Jolting Environmental and Social Bond Sales

  • Biden’s environment, infrastructure plans more likely to pass
  • Resulting projects will likely involve private-sector bonds
President-elect Joe Biden

President-elect Joe Biden

Photographer: Joe Raedle/Getty Images North America

The shift of U.S. government control to the Democratic Party this month could give an added jolt to sales of corporate bonds that finance environmental and socially responsible projects.

With the Democrats now gaining control of the Senate, President-elect Joe Biden’s proposed programs and initiatives to, among other things, combat climate change and invest in infrastructure are more likely to happen. Private sector investments linked to these kinds of plans could result in greater issuance of environmental, social and governance bonds, according to Stephen Liberatore, head of fixed-income ESG and impact investing strategies at Nuveen.