Social bond boom lifts labelled FIG supply to new heights

By Bill Thornhill, Tyler Davies
31 Mar 2021

Sales of ESG-labelled debt have skyrocketed in the FIG market over the first quarter of 2021, with issuers already halfway through last year’s total volumes. Deal arrangers are confident that supply will be able to keep pace, as banks find room to expand into a burgeoning social bond market, write Tyler Davies and Bill Thornhill.

GlobalCapital data show that European banks and insurance companies have sold nearly $23bn equivalent of ESG debt in the first three months of the year, through public issuance in euros, dollars and sterling.

The figure is more than four times what they printed in the first quarter ...

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