Green bonds Financial News

The report also confirms GSS+ bonds from sovereign issuers were up 36% on last year, with $435bn issued in the first three quarters of 2023 by 49 different countries.

Geographically, 20% of all European bonds are now green, social and/or sustainable, with Europe becoming the region issuing the largest number of GSS bonds at 66%.

The new funds will be managed by Franklin Templeton’s European fixed Income team.

S&P Global has projected that that GSSSB bond issuance in 2023 will be between $900bn and $1trn, or 14% to 16% of total bond issuance.

green projects in 2022-23, higher than its mop-up of ₹16,000 crore through sovereign green bonds when it had floated such papers for the first time, a senior official said citing the latest estimate. According to the expenditure plan prepared by the finance ministry for the current financial year, the funds raised through such bonds will be used to finance green projects worth ₹23,764 crore, he said. Given that the funds raised will have to be used strictly for green projects, the spending will be kept higher than the actual borrowing to assuage any apprehensions about potential misuse of such funds, officials had told ET earlier. The government could borrow ₹20,000-22,000 crore through such green bonds in this financial year, they had said. To be sure, the government's overall annual budgetary spending on green projects cutting across sectors would be way above this level. But such expenditures are not strictly segregated and classified on the basis of the environment-friendly nature of the projects. However, since the government raised funds via green bonds last fiscal, it had to formally identify certain green projects to be funded by such proceeds.

What Are Green Bonds & Why India Halted Their ...

green bonds this fiscal year as investors demand higher yields despite their eco-friendly label, said a senior government official. The earlier plans to issue ₹15,000-16,000 crore in green bonds during the second half of FY24 have been put on hold. “Green bonds haven’t provided any benefits yet.

The figure marks an 18% increase on the same period last year, although issuance by number dropped 10% to 484 green bonds brought to market.

A former HSBC Holdings banker says one of the most criticized sustainable bond structures on Wall Street has the potential to dominate the roughly $6 trillion ethical debt market.

Pension Fund Regulatory and Development Authority (PFRDA) has said that it will allow pension funds to invest in sovereign green bonds (SGrBs). As per a report in PTT, the government is expected to issue sovereign green bonds in the second half of the current financial year.

debt markets for environmentally friendly projects than they are for fossil fuels. Almost $350 billion was raised from green bond sales and loan arrangements in the first half of this year, compared with less than $235 billion of oil, gas and coal-related financing, according to data compiled by Bloomberg. The ratio was roughly $300 billion green versus $315 billion fossil fuels in the same period last year.

The Government of the Hong Kong Special Administrative Region of the People’s Republic of China (HKSAR Government) announced on Feb 16 that it had issued HK$800 million in tokenized green bonds, under the Government's Green Bond Program (GBP). The bonds were underwritten by four banks and priced at a yield of 4.05%.

The Bank for International Settlements (BIS), the Hong Kong Monetary Authority and the United Nations Climate Change Global Innovation Hub presented the results of their “Genesis 2.0” initiative. The project aims to explore the use of blockchain, smart contracts and the internet of things (IoT) for a global environment cause.