Since the first SLB was issued in 2019, issuance had reached US$8.2 billion globally last year. It has now ballooned over 11 times to US$92.9 billion. Photo: Shutterstock
Green finance: Sustainability-linked bonds boom as investors demand companies commit to fighting climate change
- Borrowers have to set performance targets that carry a penalty in the form of a higher coupon or interest rate if they are not met
- Financial products linked to sustainability are the true test of a company’s green ambitions, says UBS
Since the first SLB was issued in 2019, issuance had reached US$8.2 billion globally last year. It has now ballooned over 11 times to US$92.9 billion. Photo: Shutterstock
