Global ESG Bond Sales Reach $150 Billion in Busiest January Ever
- Top underwriters BNP, BofA expect issuance to remain busy
- Verizon’s Scott Krohn says market prefers use-of-proceeds debt
Rows of wind turbines in Livermore, California.
Photographer: Justin Sullivan/Getty ImagesThis article is for subscribers only.
Sustainable bond sales saw the busiest January on record as lower borrowing costs ignited a deal blitz as top underwriters of the debt line up more sales.
Global sales of green, social, sustainability and sustainability-linked bonds totaled $149.5 billion last month, making it the most active January since the inception of the green debt market in 2007, according to data compiled by Bloomberg.