Green bond sales hit record $54.7 billion in February, marks busiest month ever
![Green bond sales hit record $54.7 billion in February, marks busiest month ever](https://sustainabilityeconomicsnews.com/wp-content/uploads/2024/03/10841300_4592266-scaled.jpg)
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.
![](https://sustainabilityeconomicsnews.com/wp-content/uploads/2024/03/Screenshot-2024-03-05-at-9.09.06-AM-1024x514.png)
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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