Activity in the green-bond market is becoming more geographically diverse, led by banks in China and India that have issued green bonds in recent months, says Fitch Ratings.
"These bonds are often in hard currency in order to attract established investors with the proceeds then swapped into local currency. However, in a sign of increasing market maturity, some local-currency deals are also starting to take off," said Monica Insoll, Fitch's head of credit market research.
Globally, green-bond activity has continued to increase rapidly with issuance at US$113 billion in 2016, up 60 per cent from 2015 based on Fitch's Green Bond database. This underlines investor and issuer interest in the asset class and environmental, social and governance risk.
Published : May 12, 2017
By : The Nation