RIYADH: Global bonds issuance is expected to grow by 4.3 percent in 2024, with sustainability-linked instruments contributing between $950 billion and $1.05 trillion to the overall surge.
According to a recent report by the credit rating agency S&P Global, green, social, sustainability and sustainability-linked bonds, known as GSSSB, in 2024 could account for 14 percent of the total issuance for the second consecutive year.
Additionally, sovereign issuance is expected to increase in 2024, driven by sustainability pledges and third-party support schemes.