European banks develop dollar ESG market

By Tyler Davies
18 Mar 2021

Deutsche Bank and Standard Chartered sold their first green and sustainable bonds in dollars this week, giving US investors a chance pick up supply that would normally be expected to arrive in euros.

European banks have chosen the euro market for nearly 80% of their ESG deals over the past five years, Dealogic data show.

They have used the dollar market for less than 10% of labelled issuance, even though the currency accounts for a much larger percentage of the overall supply ...

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