ESG bonds outperform as funds pile in

Rock climbing outperform performance from Alamy 29Mar21 575x375
By Jon Hay
29 Mar 2021

The dollar has almost caught up with the euro as a currency for green bond issuance, helped by a surge of deals from US issuers, according to analysis by the Institute of International Finance. Investors are also piling into the market like never before, driving outperformance during the recent bond market sell-off.

US issuance of green, social and sustainable (GSS) labelled bonds in January and February was about $35bn, the Institute said, more than triple the roughly $10bn in the same period last year and outstripping even the nearly $30bn from Belgium, which includes bonds issued by the European Union.

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