Sovereigns deaf to clamour for green bonds

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By Lewis McLellan, Sharon Kits Kimathi
22 Jun 2017

Calls are growing louder for sovereigns to pull their weight and assume a leading role in the development of the green bond market. But, as was demonstrated at panels in Euromoney’s Global Borrowers & Bond Investors Forum this week, many of them are reluctant to take up the SRI baton, write Lewis McLellan and Sharon Kimathi.

After France’s sensational €7bn green OAT, some thought the floodgates for sovereign green issuance would open. But, six months down the line, while France has tapped its maiden issue for a further €1.6bn, it still stands in solitary splendour as the only sovereign green benchmark deal.

Indeed, it ...

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