Sovereign ESG Bond Issuance: A Guidance Note for Sovereign Debt Managers
IMF Working Papers, March 10, 2023
Source details
- Canonical URL
- Sovereign ESG Bond Issuance: A Guidance Note for Sovereign Debt Managers
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Bibliographic details
- Authors: Peter Lindner, Kay Chung
- Published: March 10, 2023
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9798400235047.001
Overview
- Purpose: Provide guidance to issuers of sovereign ESG bonds, with a focus on Emerging Market and Developing Economies (EMDEs).
- Structure: Begins with an overview of ESG financing options available to sovereign issuers, followed by an analysis of the operational requirements and costs of issuing sovereign ESG bonds.
- Instrument focus: Uses green bonds to describe the issuance process while also covering alternative instruments to give a comprehensive view of the ESG bond marketplace.
Scope and Focus
- Geographic focus: Emerging Market and Developing Economies (EMDEs).
- Target audience: Issuers of sovereign ESG bonds and other stakeholders involved in sovereign debt management and sustainable finance.
- Subject areas listed: Bonds, Climate finance, Corporate social responsibility, Economic sectors, Environment, Financial institutions, Sovereign bonds.
Key content and analysis
- Overview of ESG financing options available to sovereign issuers.
- Analysis of operational requirements and costs entailed by sovereign ESG bond issuance.
- Coverage of instrument types:
- Green bonds (used to illustrate issuance process).
- Social bonds.
- Sustainability-linked bonds.
- Other ESG-related instruments to provide a comprehensive marketplace view.
Operational requirements and costs (as described)
- The paper contains an analysis of operational requirements and costs associated with sovereign ESG bond issuance; specific cost figures are not provided on this page.
Intended takeaways for issuers and stakeholders
- Practical guidance on preparing and executing sovereign ESG bond issuance.
- Comparative perspective on alternative ESG instruments (green, social, sustainability-linked) to inform issuance strategy and stakeholder engagement.
Content in this bundle
- Working Paper