A stellar month for Green Bonds in November

November was an exceptional month for Green Bonds, with 7 new bonds listing on LSE (raising USD 3.5 billion), more than any other exchange. This brings the total number of green bonds listed on our markets as of end of November to 59, with USD 20.2 billion equivalent raised.
This month has also seen a series of ‘firsts’ all coming at a time when the world has been focused on Climate Change at the United Nation’s COP23:

  • Westpac Banking Corp, Australia’s oldest bank, chose London for its landmark green bond issuance and listed their first international green bond on November 22, with a value of EUR 500 million.
  • Barclays sold its debut green bond, an incredibly pioneering transaction using data publicly available in the UK to identify green mortgages, and the first ever green bond issued by a UK bank.
  • On November 24, we saw the first green senior bond issued by the Danish energy powerhouse Orsted (EUR 750 million), part of a EUR 1.25 billion dual tranche transaction encompassing both senior and hybrid notes.
  • Toyota Motor Credit issued a EUR 600 million bond on November 21, their first euro-denominated bond in 2 years.
  • Fingrid OYJ, the Finnish national electricity transmission grid operator, listed their first green bond on November 23 with a value of EUR 100 million.
  • Rounding up the month’s activity were two impressive issuance from Bazalgette Finance, also operating under the name Tideway. The issuer priced a GBP 250 million green bond and a GBP 200 million private placement on two consecutive days, becoming the largest corporate issuer of sterling denominated green bonds to date.

Overall, there has been a 57% growth in green bonds listed on London Stock Exchange in one year (from 14 to 22 new bonds listed) and a 58% increase in amount raised (USD 9bn raised in 2017 YTD vs. USD 5.7bn in 2016).

Green finance is growing fast and London Stock Exchange Group is proud to be at the epicentre of this defining global trend. We are looking forward to a strong finish to the year, as we look ahead to another exciting year in 2018.

More recent

Going direct: a Wise decision

Not every listing on the public markets has the aim of raising fresh capital. For fast-growing international technology company Wise, its Direct Listing on the Main Market of London Stock Exchange provides a way to broaden its ownership while remaining focused on its mission. Co-founder and CEO Kristo Käärmann explains their novel thinking and approach.

Learn more
Growth in tech, sustainable finance and diverse boards define London’s first half.

The depth and level of support provided by London’s markets to the rapidly evolving capital needs of issuers and investors in the global economy was vividly underlined in a strong and active first half of 2021.

Learn more
Trustpilot: Denmark’s tech unicorn puts its trust in London

Founded in Denmark in 2007, Trustpilot has developed into a global review platform with a mission to create a universal symbol of trust. Joining the premium segment of London’s Main Market, with its high standards of regulation and corporate governance, was an obvious choice for the first Danish tech unicorn to list in London.

Learn more
Global exposure, best execution: why London is at the centre of global securities trading

Robert Barnes
Group Head of Securities Trading & CEO Turquoise Global Holdings

 

The world trades in London

In the time zone that is central to the global business day, London’s role in global finance has always been pivotal. And at London’s heart is London Stock Exchange, which for centuries has provided choice and liquidity for investors and traders

Learn more