IIF Authors

Status: Will be live at 01/27/2022 10:48

Sustainable Debt Monitor: Boom time!

  • Record highs: global issuance of sustainable debt (bonds and loans) hit a fresh record of over $1.4 trillion in 2021, almost double the level in 2020-bringing total market size close to $3.4 trillion.
  • Amid surging demand, we project global sustainable debt issuance at $1.8 trillion in 2022, soaring to $3.8 trillion in 2025. Under favorable market conditions, total issuance could reach an annual pace of over $7 trillion by 2025.
  • EM borrowers raised more than $230bn from ESG debt markets in 2021-over three times the $75bn raised in 2020.
  • Greening SOEs: EM state-owned enterprises raised >$50bn from ESG bond markets in 2021-1.5% of total issuance