The Sustainable Bond Market in 2021

Global sustainable bond issuance volume reached a cumulative total of €377.78bn as of 24 June 2021) with issuer types and geographies becoming increasingly diversified, according to the International Capital Markets Association (‘ICMA’).

Berlin Hyp (€500mn, 10yr issuance) and China Construction Bank (€970mn, 3 and 5yr issuances) entered the Sustainability-Linked Bond (‘SLB’) market for the first time in April of 2021. Berlin Hyp included Sustainability Performance Targets (SPTs) linked to the reduction of carbon intensity of their commercial real estate loan portfolio while China Construction Bank aims to increase of proportion of green loan portfolios across the firm.

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