European Green Bond Market General Information Flashcards
Share basic information and figures related to the European Green Bond Market as of 1H_2019
What is the estimated size of the climate-aligned and Green bond markets in Europe, respectively?
The Climate Bond Initiative (CBI) estimates the climate-aligned market at $500 Billion USD and the Green market at $145 Billion USD.
Which European country has the largest climate-aligned and Green bond issuance?
CBI has identified France as the largest European issuer with $175 Billion USD in climate-aligned and $44 Billion USD in Green bond issuance.
How much (in USD) was raised by issuing Green bonds in Europe in 1H2019, and what percentage of the total global issuance did that represent?
European countries raised $47.7 Billion in 1H2019, 55.2% of global Green bond issuance. (Source: Refinitiv)
Which European country’s Green bond issuance is dominated by Renewable Energy investment with 81% of their usage of proceeds?
Germany’s vibrant and growing Green bond market ($52 Billion USD) has the largest concentration of investment in Renewable Energy of any European country. (Source: CBI)
What types of issuers had the largest percentage increase and decrease, respectively, in issuance in 1H2019 vs 1H2018?
Energy and Power had the largest percentage increase, surging from 13% in 1H2018 to 23% in 1H2019; while Financials decreased from 38% in 1H2018 to 29% in 1H2019. (Source: Refinitiv)
Name and rank the top 5 Europe-based banks by their dollar value of Green bonds issued in 2019?
HSBC ($12.3 Billion), BNP Paribas ($9.4 Billion), Credit Agricole ($9.1 Billion), ING ($6 Billion), Societe Generale ($5.6 Billion) (Source: Environmental Finance Bond Database)
What are the approximate number of climate-aligned and Green bond issues and issuers in Europe as of 1H2019?
According to CBI, there are 1400 climate-aligned and 397 Green bonds issued by 300 and 153 issuers, respectively.
What is the consensus estimate for Global Green bond issuance for 2019? (and by extrapolation, European estimates?)
Consensus estimates have increased as Green bond issuance for 1H2019 has so far outpaced expectations, already approaching $120 Billion- estimates have therefore been revised upwards to $220 Billion in expected Global Green bond issuance for 2019. If Europe continues its current global market share for issuance (55.2%), the region will exceed $121 Billion in Green bond issuance for 2019.
Which European country offered the first AAA-rated sovereign Green bond in 2019?
In May 2019, the Netherlands issued 5.98 Billion Euros in sovereign Green bonds, with an order book of 21.2 Billion Euros in less than 2 hours. (Source: Bloomberg)
Which European market offers the largest listing of Green, Social, and Sustainable bonds?
The Luxembourg Stock Exchange’s LGX (Luxembourg Green Exchange) is the largest with 170 Green bond listings; this is closely followed by the London Stock Exchange, Nasdaq Stockholm, and Euronext.
