Global green bond issuance could rise to $185 billion this year and even reach $210 billion as activity in new sectors and large economies picks up, Nordic corporate bank SEB said on Monday. The bank has increased its forecast from $175 billion in May.

Green bonds are fixed-income securities which raise capital for projects with environmental benefits.

The green bond market delivered its second highest quarterly figure to date in the second quarter at $47 billion, up 21 percent year on year.

The overall bond market has slowed this year due to interest rate hikes and increasing currency risks, the bank said.

Source  Economic Times

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