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Battle for Green Bond Deals Heats Up as BNP Paribas Hits Top

  • French lender climbs to pole position, overtaking JPMorgan
  • Green bond sales to reach $775 billion this year: Moody’s
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Competition for selling green bonds is heating up, with this year’s current leader BNP Paribas SA trying to stay on top by targeting new business from heavy polluters.

The French lender has beaten JPMorgan Chase & Co. to first place in Bloomberg’s corporate and government global green bonds league table so far in 2022. Maintaining that through the year would end the U.S. bank’s two-year hegemony. HSBC Holdings Plc is also a challenger, having displaced Citigroup Inc. in the third spot.