European banks develop dollar ESG market

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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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