Asiapac social bonds closing in on US$10b; robust growth seen for 2021
Year to date growth outpaces that of green bonds; S Korea and Japan will likely continue to dominate Asia's social bond space
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THE urgent need to fund Asia's prolonged fight against the pandemic has spilled over into the region's capital markets, via the issuance of social bonds that has more than tripled since the onset of Covid-19.
This growth momentum is expected to prevail in 2021 as long-term impacts of the crisis play out in Asia, said analysts.
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