Green bond sales hit record $54.7 billion in February, marks busiest month ever
Green bonds, the largest type of sustainable debt, experienced their busiest February ever amidst a surge of global debt offerings.
In February, global sales of green bonds reached $54.7 billion, marking the most active February since the green debt market began in 2007, according to Bloomberg data.
January also recorded $83.3 billion worth of green bonds sold.
The primary debt markets have started 2024 with remarkable success as companies leverage strong investor demand to raise new capital.
The US investment-grade bond market is on track for its busiest quarter, following record sales in January and February.
In Europe, March is anticipated to see an increase in issuance following a busy February.
Also read: Canada returns to green bond market with inclusion of nuclear power
Sales of green, social, sustainability, and sustainability-linked bonds reached approximately $90 billion, in February, nearly matching the record of around $91.3 billion set in February 2023, according to Bloomberg data.
In the future, Citigroup Inc. anticipates that sustainable bonds will achieve record issuance this year.
This surge is driven by borrowers seeking funds for their energy-transition plans and the possibility of lower interest rates in the second half of 2024.
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