Moody’s found that more than 60% of global social bond issuance during the third quarter of 2023 originated from Asia-Pacific issuers, which accounted for US$25 billion ($34.18 billion), 38% of which is from the Korea Housing Finance Corporation.
The global issuance of green, social, sustainability and sustainability linked bonds declined this third quarter, except for the Asia-Pacific region, where issuance grew by a modest 1%, according to a report by Moody’s on Oct 30.
A result of the increase in absolute volumes in the region, Asia-Pacific issuance surged to a strong 28% of global sustainable bonds, the highest share of market for the region since the fourth quarter of 2018.
