Sponsored by Lyxor Asset Management

Sponsored by Lyxor Asset Management


France expected to drive further growth of the European Green Bonds Market

23 Apr 2018

Corporate

France expected to drive further growth of the European Green Bonds Market, new Climate Bonds report shows

Climate Bonds Initiative and Lyxor Asset Management publish the first report on the state of the French Green Bond Market

France is likely to continue to drive the growth of the Green Bond market in Europe as a diverse array of new issuers are preparing to join the fray, demonstrating the leading role of France in promoting these financial vehicles and helping to fight climate change, findings from the first annual report by Climate Bonds Initiative (CBI) commissioned by Lyxor show.

The third largest green bond market globally and the largest one in Europe with more than EUR37bn in cumulative issuance since 2012, the French Green Bond market has enjoyed accelerating growth in 2017, with market volume doubling from 2016, excluding the jumbo EUR9.7bn sovereign issue from the French State. Non-financial corporate issuers accounted for about half the growth, particularly in the energy sector, with mid-sized companies following in the footsteps of large issuers. CBI expects municipalities, departments and regions to drive further expansion of the market in 2018.



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