With softening business conditions and economic growth subdued, commercial property market sentiment remained negative in the September quarter
Insight
A monthly look at the Australasian ESG debt markets.
The global COVID-19 outbreak has led to a rush in issuance of COVID-19 related social bonds in recent weeks. These social bonds allow borrowers to deploy the proceeds to projects that mitigate COVID-19 related social issues and bring about positive social outcomes, especially for target populations affected by the crisis.
ICMA and the executive committee of the Green Bond Principles, Social Bond Principles and the Sustainability Bond Guidelines have issued guidance on the types of crisis projects that qualify for COVID-19 bonds.
Total aggregate sustainable financing issuance in Q1 2020 was US$92.8bn, up 3% vs Q1 2019, with US$37.8bn green bonds and US$28.3bn from green and sustainability linked loans, according to Refinitiv data.
Read the NAB Sustainable Finance Update April 2020
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