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JPMorgan Sees Asia ESG Dollar Bonds Hitting $100 Billion in 2022

  • Bilibili, Posco among firms selling equity-linked debt in 2021
  • Companies from tech to energy are mulling ESG-themed notes

JPMorgan Chase & Co. expects Asian companies to raise as much as $100 billion next year through environmental, social and governance dollar-denominated bonds, with an increasing number of firms considering notes that can be converted into equity. 

ESG debt sales by Asian issuers total $74 billion so far in 2021, nearly triple the level in the same period last year, with about 85% sold in U.S. dollars, according to data compiled by the bank. JPMorgan expects Asian ESG dollar bond issuance of between $90 billion and $100 billion in 2022.