Global green bond issuance could reach $185-210 billion this year

LONDON: Global green bond issuance could rise to $185 billion this year and even reach $210 billion as activity in new sectors and large economies picks up, Nordic corporate bank SEB said on Monday

The bank has increased its forecast from $175 billion in May

Green bonds are fixed-income securities which raise capital for projects with environmental benefits


The green bond market delivered its second highest quarterly figure to date in the second quarter at $47 billion, up 21 percent year on year

The overall bond market has slowed this year due to interest rate hikes and increasing currency risks, the bank said

Moody's Investor Service sees issuance rising to $250 billion this year and S&P Global Ratings forecasts $200 billion.