"Social bond issuance was $31.6 billion in the first five months of 2020 -- nearly double that in the whole of 2019. Some 54% of 2020 volume has been issued in response to the Covid-19 pandemic.”
SWEDEN'S once battered credit market is finding relief in an unexpected place.
As firms and governments try to recover, they’re selling more debt earmarked for ethical projects than ever before. That issuance has provided a lifeline to a market that suffered one of the worst crashes in its history just a few months ago.
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