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

Author/Editor:

Peter Lindner ; Kay Chung

Publication Date:

March 10, 2023

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

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.

Series:

Working Paper No. 2023/058

Frequency:

regular

English

Publication Date:

March 10, 2023

ISBN/ISSN:

9798400235047/1018-5941

Stock No:

WPIEA2023058

Pages:

63

Please address any questions about this title to publications@imf.org