Sustainable Bonds Insight 2023

The 2023 Sustainable Bonds Insight guide with data from Environmental Finance Data and chapters from leading institutions analysing the sustainable bond market in 2022 and the outlook for 2023.

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Latest Bonds

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A table listing the 25 most recent bonds, ordered by settlement date. Where a bond has multiple tranches, the value represents the sum of those tranches and maturity date a range of dates.

Issuer Category Value(M) Currency Dollar Value (M) Pricing Date Settlement Date Maturity Date
Khan Bank Green bond 60 USD 60 Mar 17, 2023 Mar 17, 2030
Fonplata Development Bank Sustainability bond 7,200 JPY 54.126 Mar 17, 2023 Oct 17, 2029
NBN Co Green bond 1,350 EUR 1,446.76 Mar 15, 2023 Mar 15, 2029 - Mar 15, 2033
State of New York Mortgage Agency Social bond 150 USD 150 Mar 15, 2023 Mar 23, 2023 Oct 01, 2023 - Oct 01, 2053
Mindspace Business Parks Green bond 5,500 INR 66.776 Mar 15, 2023 Apr 13, 2026
Ansan City Social bond 40,000 KRW 30.679 Mar 14, 2023 Mar 14, 2025
Natixis Green bond 60 EUR 64.265 Mar 14, 2023 Mar 16, 2023 Jun 09, 2033
Banobras Sustainability bond 6,483 MXN 347.4 Mar 14, 2023 Mar 17, 2023 Mar 12, 2027 - Mar 08, 2030
Constructeurs Bois Green bond 3 EUR 3.213 Mar 14, 2023
Point Zone Sustainability bond 555 MYR 122.732 Mar 13, 2023 Mar 13, 2028 - Mar 13, 2033
Industrial Bank of Korea (IBK) Social bond 600,000 KRW 454.084 Mar 13, 2023
Korea Scholarship Foundation Social bond 20,000 KRW 15.136 Mar 13, 2023 Mar 13, 2043
IBRD Sustainability bond 300 BRL 57.488 Mar 13, 2023 Mar 16, 2023 Mar 16, 2038
Jordan Kuwait Bank Green bond 50 USD 50 Mar 12, 2023
Grupo Aeroportuario del Centro Norte (OMA) Sustainability-Linked bond 3,200 MXN 177.406 Mar 10, 2023 Jul 24, 2026 - Mar 01, 2030
Korea Housing Finance Corporation Social bond 260,000 KRW 186.63 Mar 10, 2023 Mar 10, 2026
Volksbank Wien Green bond 500 EUR 535.8 Mar 10, 2023 Mar 15, 2023 Mar 15, 2027
Intesa Sanpaolo Green bond 600 GBP 713.094 Mar 10, 2023 Mar 14, 2023 Mar 14, 2029
Woori Financial Capital Social bond 50,000 KRW 37.905 Mar 09, 2023 Mar 09, 2023 Mar 07, 2025
Meridian Energy Green bond 200 NZD 122.183 Mar 09, 2023 Mar 20, 2023 Sep 20, 2028
KOSME Social bond 310,000 KRW 235.009 Mar 09, 2023 Mar 09, 2023 Mar 07, 2025 - Mar 09, 2028
Autoliv Green bond 500 EUR 527.115 Mar 09, 2023 Mar 15, 2023 Mar 15, 2028
Fibra Uno Sustainability-Linked bond 6,700 MXN 371.357 Mar 09, 2023 Mar 09, 2027 - Mar 09, 2033
Cemex Green bond 1,000 USD 1,000 Mar 09, 2023 Mar 14, 2023
Land Securities Capital Markets Green bond 400 GBP 473.28 Mar 09, 2023 Mar 09, 2023 Sep 15, 2032
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Latest Loans

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A table listing the 25 most recent loans, ordered by loan date.

Borrower Category Value (M) Currency Dollar Value (M) Date Country
Trafigura Group Sustainability-Linked Loan 1,900 USD 1,900 Mar 16, 2023 Singapore
Epiroc Sustainability-Linked Loan 2,000 SEK 189.729 Mar 16, 2023 Sweden
SAP Sustainability-Linked Loan 3,000 EUR 3,192.21 Mar 16, 2023 Germany
Leeward Renewable Energy Operations Green Loan 75 USD 75 Mar 15, 2023 United States
Grupo Bimbo Sustainability-Linked Loan 875 USD 875 Mar 15, 2023 Mexico
Grupo Bimbo Sustainability-Linked Loan 1,056 USD 1,056 Mar 15, 2023 Mexico
Renewable Japan Green Loan 400 JPY 2.984 Mar 15, 2023 Japan
Solarpack Corporacion Tecnologica Sustainability-Linked Loan 310 EUR 332.221 Mar 15, 2023 Spain
citizenM Sustainability-Linked Loan 243.3 EUR 260.596 Mar 14, 2023 Netherlands
citizenM Sustainability-Linked Loan 201.7 GBP 244.577 Mar 14, 2023 Netherlands
Pepperl+Fuchs Green Loan 15 USD 15 Mar 13, 2023 Germany
John Mattson Sustainability-Linked Loan 949 SEK 88.516 Mar 13, 2023 Sweden
Angola Ministry of Finance Social Loan 73 USD 73 Mar 13, 2023 Angola
AirTrunk Sustainability-Linked Loan 650 AUD 428.026 Mar 13, 2023 Australia
Longhurst Group Sustainability-Linked Loan 75 GBP 90.27 Mar 13, 2023 United Kingdom
Aluminium Bahrain (Alba) Green Loan 1.6 BHD 4.218 Mar 12, 2023 Bahrain
Tokyu REIT Green Loan 1,500 JPY 10.992 Mar 10, 2023 Japan
GDSNY Green Loan 90 USD 90 Mar 10, 2023 United States
State of Baja California Green Loan 1,000 MXN 55.439 Mar 10, 2023 Mexico
State of Baja California Green Loan 2,000 MXN 110.879 Mar 10, 2023 Mexico
University of London Sustainability-Linked Loan 50 GBP 60.354 Mar 09, 2023 United Kingdom
Pontiac Land Group Green Loan 180 USD 180 Mar 09, 2023 Singapore
Cromwell European REIT Sustainability-Linked Loan 70.63 EUR 74.46 Mar 09, 2023 Singapore
Enento Group Sustainability-Linked Loan 150 EUR 158.135 Mar 09, 2023 Finland
Enento Group Sustainability-Linked Loan 30 EUR 31.627 Mar 09, 2023 Finland
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Environmental Finance News

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Largest recent bonds ($M)

Bonds ranked by US Dollar value issued in the past 30 days

Largest bonds this year ($M)

Bonds ranked by US Dollar value issued since January

Lead Manager League Table

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Top 25, ranked by Vol ($M) over the last 12 months

Issuer Number of bonds Volume ($M)
BNP Paribas 211 42,234
Credit Agricole CIB 196 37,256
Citigroup 220 37,106
JP Morgan 185 36,817
HSBC 199 34,046
Barclays 158 33,152
Deutsche Bank 148 31,103
Morgan Stanley 149 26,662
Bank of America Merrill Lynch 106 20,800
Société Générale 99 20,739
Goldman Sachs 123 20,589
BofA Securities 102 19,056
Nomura 204 19,036
NatWest 80 18,842
ING 104 15,690
Natixis 84 14,816
Santander 107 13,682
Unicredit 83 13,508
Commerzbank 60 11,445
RBC Capital Markets 95 11,298
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Lead Manager League Table Excluding Municipals

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Top 25, ranked by Vol ($M) over the last 12 months

Issuer Number of bonds Volume ($M)
BNP Paribas 208 41,907
Credit Agricole CIB 186 35,954
Citigroup 192 33,931
JP Morgan 157 32,522
HSBC 187 32,219
Barclays 140 31,309
Deutsche Bank 140 29,730
Morgan Stanley 116 21,450
Bank of America Merrill Lynch 102 20,264
Société Générale 97 19,953
NatWest 79 18,627
Nomura 190 18,359
Goldman Sachs 108 17,425
ING 100 14,514
Natixis 81 14,210
BofA Securities 74 14,135
Unicredit 81 13,296
Santander 100 12,899
DZ Bank 45 11,194
Commerzbank 59 10,822
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Market value by last ten years

Total market value ($Bn)

The total value of outstanding green, social and sustainability bonds

$3,207.61Bn

Volume by currency ($M) last twelve months

Number of bonds by currency last twelve months