Green and Social Bonds market overview: a strong continued momentum

With a 6.9% market share in 2018*, Crédit Agricole CIB has had a long-standing commitment to green finance, and has once again climbed to first place worldwide among bookrunners for green, social and sustainable issues.

Image d'illustration : marché des obligations vertes

2018 was another strong year for the Green, Social and Sustainability Bonds market. According to Dealogic data, a total amount of €149bn equivalent was issued from more than 300 individual issuers, led by China (16%), the USA (14%) and France (11%). 

In 2019, Crédit Agricole CIB sees a continuation of this momentum and forecasts €180bn of new issuance. According to Erwan Créhalet, Crédit Agricole CIB Research Green Bond Analyst: “The volume will continue to grow to reach €180bn equivalent in 2019, notably driven by Asian issuers and by non-financial corporates. In 2018, the market gains the interest of issuers with profiles more and more various"

 

                                 Evolution of Green, Social & Sustainable Bonds issuance volume and 2019 Crédit Agricole CIB forecast:

Evolution of Green, Social & Sustainable Bonds issuance volume and 2019 Crédit Agricole CIB forecast

 

With 6.9% market share in 2018 (Source Dealogic), Crédit Agricole CIB ranked again as the #1 Bookrunner of Green, Social and Sustainability Bonds.  In 2018, the bank led more than 50 benchmark transactions, amongst them La Poste, Prologis, ENEL, KBC Bank, RBI International, the Inter American Development Bank, ICBC and Bank of China, the inaugural Green Bonds from the Kingdom of Belgium, the First Social bond for a Corporate with Danone as well as the first Green EMTN Programme for Société du Grand Paris. In November 2018, Crédit Agricole CIB acted as sole-bookrunner of the highly successful Crédit Agricole S.A. €1bn inaugural Green Bond benchmark to support energy transition projects within the Crédit Agricole Group in all territories. 

According to Tanguy Claquin, Global Head of Sustainable Banking: "We are proud that our clients have once again trusted us and of the recognition by the market: in 2018, Crédit Agricole CIB has received respectively for the fourth and fifth times in a row both the GlobalCapital Award SRI Award and Best SRI Bond House IFR Award". Crédit Agricole CIB has a long-term commitment to promote green finance with a consistent organisation across the teams, from origination to distribution.