Green Bond Pricing in the Primary Market: Report

The Green Bond Pricing in the Primary Market H2 2022 report  is the 15^th iteration of a leading series analysing the pricing dynamics of green bonds, examining how these instruments offer pricing advantages for issuers and investors. 

According to the report, all bond labels, including green, social, and sustainability, sustainability-linked and transition bonds (GSS+) offer pricing benefits compared to vanilla equivalents. The analysis – sampling bonds priced in the choppy market period of H2 2022- also revealed green bonds have a strong following of investors which helped get deals over the line in in a faltering fixed income landscape last year.

Report highlights:
• Sample includes 72 green bonds with a combined face value of USD79bn, priced between July and December 2022
• Green bonds in both EUR and USD performed well on all metrics in the primary market, on average
• Issuers said the green label supported deals
• Green bond ETF assets achieved net growth of 11% on the prior period
• Spotlight: Relative values: where the greenium persists

Access the Climate Bonds Initiative report here