2021 became another record year in which
The global market for sustainable bonds has grown significantly in recent years, and 2021 was no exception, as the numbers doubled compared to the record year 2020.
Sustainable bonds are used by for instance corporates, financial institutions, supranationals and government agencies to finance projects providing a clear sustainable benefit. In 2021,
Customer appetite for sustainable bonds has increased remarkably during the past three years.
Head of DCM Sustainable Bonds,
'Customer appetite for sustainable bonds has increased remarkably during the past three years and especially last year where the volume has grown faster than anyone could imagine,' Says
'Our customers want to secure financing that supports their sustainable transition and therefore we have seen an increase in all sustainable finance types. Yet, green bonds still holds the green jersey as they are particularly high in demand for issuers as well as investors.'
Nordic issuance of sustainable bonds by country
Sustainable bonds across the Nordics
The Nordic region is among the leading when it comes to issuing green bonds, which is driven by a strong sustainability focus from the Nordic issuers and dedicated green investors.
Looking at the Nordic market for sustainable bonds,
Even if Swedish issuers continue to be the most active, the greatest Nordic volume increase was from Norwegian issuers.
New record in 2022?
The first month of 2022 shows no indication of a downturn around the corner and
'I expect that the green bond market will continue its positive trend as the need for financing of green projects sees no end, making 2022 another record year. Moreover, I expect the market for sustainability-linked bonds to grow rapidly as it enable issuers to link their finance with one or more sustainability targets and thereby show full commitment to integrating sustainability into the core of their business.'
According to Bloomberg's League table for 2021,
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