Finance
JPMorgan’s ESG Debt Head Expects Sustainability-Linked Bond Boom
- Issuance could hit $150 billion, from $8.9 billion last year
- SLB market seen growing fastest, JPMorgan’s Marilyn Ceci says
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Debt that rewards borrowers for hitting environmental or social targets is the next frontier for sustainable finance, according to JPMorgan Chase & Co, which predicts an issuance surge this year.
“2021 will be the year of sustainability-linked bonds,” said Marilyn Ceci, global head of ESG debt capital markets at JPMorgan. “It’s going to be the fastest-growing sustainable instrument that we have if we extrapolate what we’ve seen already.”