Booming ESG Debt Helps Spur Record European Bond Sales
- Ethical bonds’ share of primary issuance more than doubles
- Italy’s green bond debut this week was record-breaking sale
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Surging ethical debt sales are helping to fuel the best-ever start to a year in Europe’s market for new bonds.
Offerings of green, social and sustainability debt make up 17% of this year’s 407 billion euros ($490 billion) in sales, well above the 7% share in the same period of 2020, according to data compiled by Bloomberg. That was capped by Italy’s record-breaking green bond and a Daimler AG deal this week.