Bron
Morgan Stanley
New varieties of green bonds are sprouting up in unexpected places, as deal volume hits a new record. Only a few years ago green bonds were a novelty in the global capital markets. Apart from development banks and frequent borrowers on the lookout for ways to tap new investors, most corporates saw neither the need nor the advantage of issuing bonds whose proceeds must be tied to environmental projects.
That’s no longer the case. Investor demand for sustainable products is driving an ever-expanding range of borrowers with different kinds of projects for green designation, in an array of new structures and markets.
