IMF Working Papers

Sovereign ESG Bond Issuance: A Guidance Note for Sovereign Debt Managers

By Peter Lindner, Kay Chung

March 10, 2023

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Format: Chicago

Peter Lindner, and Kay Chung. Sovereign ESG Bond Issuance: A Guidance Note for Sovereign Debt Managers, (USA: International Monetary Fund, 2023) accessed November 21, 2024

Disclaimer: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Summary

This paper aims to provide guidance to issuers of sovereign ESG bonds, with a focus on Emerging Market and Developing Economies (EMDEs). An overview of the ESG financing options available to sovereign issuers is followed by an analysis of the operational requirements and costs that the issuance of sovereign ESG bonds entails. While green bonds are the instruments used to describe the issuance process, the paper also covers alternative instruments, including social and sustainability-linked bonds to provide issuers and other stakeholders with a comprehensive view of the ESG bond marketplace.

Keywords: Bond issuance, Climate finance, ESG bonds, Green bonds, Public Financial Management, Social bonds, Sovereign debt management, Sustainability-linked bonds, Sustainable finance

Publication Details

  • Pages:

    63

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

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  • Series:

    Working Paper No. 2023/058

  • Stock No:

    WPIEA2023058

  • ISBN:

    9798400235047

  • ISSN:

    1018-5941