Green bond market still small, with likes of Tesla skipping it
It would otherwise have boosted US corporate issuance in 2017 by more than a third
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
New York
INVESTORS are hungrier than ever for green bonds, yet companies known for their sustainable prowess - including Tesla Inc - are choosing to sit out, raising questions about just how valuable the label is.
US non-financial companies have been among the slowest to embrace green bonds - debt that's designated to only finance eligible green projects - issuing just US$4.3 billion last year, a tiny fraction of an overall US corporate bond market that sold US$1.6 trillion. US companies are expected to issue US$5.2 billion of green bonds this year, meaning a green label for Tesla's offering last week would have grown US corporate issuance in 2017 by more than a third, according to Bloomberg New Energy Finance data.
Share with us your feedback on BT's products and services
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
