Social bond deluge passes 2019 total

摘要

Social bond volume of US$14bn for the year to-date has already passed 2019's issuance of US$12.6bn as SSA issuers such as Italy's Cassa Depositi e Prestiti continue to churn out sustainable financing to help offset the effects of the Covid-19 crisis, according to Refinitiv data. First-quarter social bond volume hit a quarterly record of US$8bn as supranationals with sustainable frameworks in place quickly started to issue Covid-19-focused social bonds as the crisis intensified in mid-March. "In the public sector there is a drive to social and Covid-response deals and we are getting clear reverse enquiries from investors for that type of issuance," said Arthur Krebbers, head of sustainable finance for corporates at NatWest Markets.