Green Bond Treasurer Survey 24 th April 2020 Prepared by the Climate Bonds Initiative, with analysis support from Henley Business School. Sponsored by Luxembourg Green Exchange and Danske Bank. A conversation between Caroline Harrison (Climate Bonds), Carlo Houblie (LGX), Lars Mac Key (Danske Bank) and Lea Muething (Climate Bonds). Moderated by Manuel Adamini (CBI).
About the survey • Designed to highlight the benefits and challenges of issuing green bonds with the intention of encouraging more green bond issuers to come to the market The 2019 Climate Bonds Green Bonds European investor survey confirmed a shortage of • green bonds in all areas Includes views of 86 treasurers, from 34 countries of economic risk, including EM & DM •
The Board is the key decision maker
Motivations for issuing green bonds
Evolution of the market has encouraged more issuance
Costs of funding a green bond not an issue Comparison of the cost of funding Thoughts on additional green with vanilla bonds? issue costs
Green bonds help issuers capture new investors Most investors said green bonds attracted new investors… …and identified multiple benefits as a result
Benefits of listing green bonds on green segments
Other benefits of issuing green bonds Demand was higher Most said they planned compared to vanilla bonds to issue more green bonds
Most planned to issue green bonds at least once a year
Respondents all preferred standardisation
Sources of support for issuing green bonds
Recent issuers got the deal done in less time
Climate Bonds Initiative: not-for-profit mobilising climate finance Register for more webinars, or review: www.climatebonds.net/webinars
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