Finance
ESG Bonds Offer Rare Bright Spot Next Year in Europe
- Buyer demand, new bond types may help fuel ESG debt sales
- New issuers from energy, consumer goods may aid market: HSBC
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Socially responsible bonds are one of the few areas of optimism amid generally downbeat outlooks for 2021 European credit sales.
Regional issuance of corporate bonds with environmental, social and governance labels may jump about 40% next year, according to NatWest Markets, avoiding a wider market hangover following 2020’s deluge of fundraising. The optimism reflects new bond types and regulatory support, as well as investor demand creating cost incentives for issuers.