Wahyu Dwi Anggoro
ASEAN recorded a higher share of local currency financing and long-term financing in sustainable bond issuance, with 80.6% of sustainable bond issuance denominated in local currency and a size-weighted average tenor of 14.7 years. This outperformed the corresponding numbers of 74.3% and 6.2 years in ASEAN+3, and compares with 88.9% and 8.8 years in the euro area.
The global and euro-area sustainable bond markets reached USD4.0 trillion and USD1.5 trillion, respectively, by the end of 2023. Sustainable bonds are bond instruments that are used to finance projects and programs with environmental and social benefits. (WHY)
