European sovereign DMOs not convinced by green bonds
Governments’ interest in issuing green bonds remains very patchy, despite the rapid growth in other parts of the market. Among large banks, issuing green bonds now seems almost de rigueur, but that is certainly not the case for governments.
Sovereign debt management officials discussed the question at the Euromoney Global Borrowers’ and Bond Investors’ Forum in London this week.
Governments, especially in developed countries, typically have very good access to finance at tight rates and are reluctant to experiment with financial products that might cost them money,