IFR Asia Green Bonds Roundtable 2017, Wrap Up

14 Aug IFR Asia Green Bonds Roundtable 2017, Wrap Up

IFR Asia convened a panel of specialists in Hong Kong on July 11 to discuss the progress made so far and debate the challenges ahead.  2017 YTD has been a comparatively quiet year for China’s domestic market. However, the arrival of first-time issuers from the likes of India, Australia and Singapore is adding new depth to the region’s green finance push. Standardisation, in particular, remains a thorny issue, despite the efforts of global market participants to draw up a set of voluntary guidelines.  A consensus amongst the speakers emerged that the market was not yet ready for premium pricing for green securities, although investors are looking to climate-aligned investments to outperform in the long-term.

 

Since the Export-Import Bank of Korea launched Asia’s first Green bond in 2013, progress has depended largely on public policy institutions or state-owned banks, with just a handful of corporate issuers embracing the format. In the last 12 months, however, that universe has expanded significantly. Asia’s green issuers now include a host of private-sector companies, from traditional and renewable power generators to property developers. The overseas rupee market has come on line; Singapore and Hong Kong have welcomed their first deals; Chinese issuers have printed in euros.

To view all special report articles associated with the IFR Asia Green Bonds Roundtable please click here and to see the digital version of this report please click here.