2023: ASEAN+3 sustainable bond market expands 29.3%, reaching $798.7bn, 20% of global sustainable bonds.
The sustainable bond market in East Asian countries (ASEAN+3) expanded by 29.3% in 2023, surpassing the 21% growth of the global and euro-area sustainable bond markets. By the end of 2023, the total outstanding sustainable bonds in ASEAN+3 economies reached $798.7 billion, accounting for approximately 20% of global sustainable bonds. The growth was driven by public sector participation and increased local currency financing and long-term financing.
March 21, 2024
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