as climate change mitigation. While well-intentioned, issuance of a green bond by an investment-grade sovereign has no … development of the market for green financing, and represents poor public sector governance. A performance-linked bond whose …

benefits.This article describes the main characteristics of GSS bonds and the evolution of the sovereign GSS bond market to …. 2019 also saw the inaugural issuance of a sustainability-linked or key performance indicator (KPI) bond, and this new … date. It then looks at KPI bond issuance trends and describes how this new instrument works. Finally, this article analyzes …

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 …