GSS bonds surpasses $4tn in debt issuance

MainStreet Partners has released its latest quarterly global GSS Bonds report.

The report shows that the issuance of green, social, sustainability and sustainability-linked (GSS) bonds has now surpassed USD 4 trillion debt issuance.

Of this total, climate change adaptation receives just 7% of all GSS Bond capital deployed.

Other findings include:

• Government-related issuers account for 75% of climate change adaptation allocation.

• Green and sustainability bonds on average target 4 “Use of Proceeds” categories (e.g., renewable energy) in pre-issuance documents.

• “SME Finance” is the most favoured social “Use of Proceeds” category: for every EUR1 of allocation declared at issuance, it receives EUR2.2 based on post-issuance reports.

• 95% of GSS bonds issued by utilities dedicate over 60% of the proceeds to a single Use of Proceeds.

Read report >>