Green, sustainability, and social bonds were already gaining traction before COVID-19. They are now an even more important financial instrument for countries in catalyzing funds for green and sustainable recovery programs and projects. Many countries are also focusing more on achieving net-zero emissions to alleviate the climate change crisis. As such, green capital markets can play a critical role in providing funds to accelerate the development of green projects and closely monitoring their actual impact during their operation.
This primer explains how theme bonds can help finance COVID-19 recovery programs and projects while catering to specific targets such as environmental sustainability, infrastructure development, and social protection.
Contents
- The Need for Urgent PIC Funding
- Capital Market Trends
- Thematic Bonds Explained
- Types of Bonds
- Investor Perspective: The Demand
- Issuer Perspective: The Supply
- Steps to Issuing a Bond
- Global Standards and Frameworks: Building Credibility
- Moving Forward
Published February 2021.
Source: Asian Development Bank.
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