Latin America & Caribbean State of the market

Year published
2021
Theme
Sustainable Bonds
Author
Climate Bonds Initiative
Category
Report

Corporate and sovereign issuers prevail in the market while volume from development banks fell to 14% cumulatively from 18% since 2019. Non-financial corporates (39%) and sovereigns (25%) maintain the top spots among issuer types in cumulative terms, thanks to large-scale issuances from Brazil and Chile. As of June 2021, Chile is the only country in the region to have issued sovereign green bonds.

New countries have also entered the green bond market over the past two years: Barbados, Bermuda, Ecuador and Panama issued their first green bonds since 2019, bringing the total number of Green, Social and Sustainability (GSS) issuer countries in LAC to 14.