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Green Bond Sales Drop to 19-Month Low on Tight Issuance Windows

  • July is typically a slow month for global green bond sales
  • BloombergNEF sees issuance slowing under greenwashing scrutiny
A wind turbine stands in a field in Greenfield, Iowa.

A wind turbine stands in a field in Greenfield, Iowa.

Photographer: Daniel Acker/Bloomberg

Global sales of green bonds, the largest category of sustainable debt by amount issued, plunged to a 19-month low in July amid a typical summer lull and as opportunistic borrowers preferred traditional bond offerings that are faster to complete.

Sales of green bonds fell to about $24 billion last month from over $45 billion the previous month, data compiled by Bloomberg show. That’s the lowest since December 2020, when companies and governments issued about $7.7 billion of green debt.