ESG covereds due post-Taxonomy take off

By Bill Thornhill
29 Jul 2020

The primary market for covered bonds with environmental, social or governance (ESG) purposes has been exceptionally strong this year, and with the European Union’s Taxonomy regulation recently coming into force and strong execution happening even in difficult market conditions, there are high hopes that issuance will scale new heights.

ESG covered bond issuance across all currencies so far this year amounts to €8bn, which is ahead of 2018 and only €2bn shy of last year’s total volume, according to Commerzbank data. The market for ESG covered bonds comprises of more than 50 bonds from 30 issuers with ...

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