Highlights
- Q1 2021 is the record quarter for ESG issuance so far but we expect this record to be beaten already in H2 2021
- We expect EUR ESG new issuance to reach EUR 500 bn in 2021
- In the medium term, we expect ESG bonds to represent 30% of primary market volume
- The Social Bond trend seems to be over, Sustainable Bonds and Sustainable Linked Bonds are the products of the hour
- Country and industry mix is becoming more and more colorful - the EU, Italy and Spain are driving significant volume growth
- The CEE region has an incredible amount of untapped potential in ESG bonds
- Austria is becoming richer in ESG issuers, the Republic itself is still missing