ESG Debt Sales Hit Eight-Month Low as Volatility Deters Issuers
- Rising rates, macro and geopolitical risk stilfe debt sales
- Green, sustainability, sustainability-linked bond sales fall
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Global sustainable debt sales fell to an eight-month low in April as borrowers in U.S. and Europe postponed deals amid worries about rising rates, the economy and geopolitics.
Sales of green, social, sustainability, sustainability-linked bonds, loans and munis fell to about $70 billion in April, data compiled by Bloomberg show. That’s the lowest since August 2021, when companies and governments issued about $67 billion of ESG debt.