1、Green Bond Pricing in the Primary Market H1 2022-Climate Bonds Initiative 1GREEN BOND PRICING IN THE PRIMARY MARKET:January-June 2022H1(Q1-Q2)2022Report highlights Sample includes 93 green bonds with a combined face value of USD93.3bn,priced between January and June 2022(H1 2022)Green bonds in both

2、EUR and USD performed well on all metrics in the primary market,on average Total assets in green bond ETFs ended H1 at USD1.75bn Spotlight:Sustainability-linked bonds exhibit evidence of greenium Spotlight:Green bonds maintain better liquidity in secondary marketGreen Bond Pricing in the Primary Mar

3、ket H1 2022-Climate Bonds Initiative 21.Introduction This is the 14th report in our pricing series,in which we observe how green bonds perform in the primary markets.This report includes green bonds issued in the first six months of 2022(H1 2022).Our methodology is designed to capture the most liqui

4、d portion of the green bond market and is thus limited to USD and EUR bonds with a minimum original issue size of USD500m.Developed market(DM),emerging market(EM)and supranational issuers(SNAT)are included.1 The full methodology is explained on page 23.As of 1 August 2022,USD236bn worth of green bon

5、ds priced in H1 2022 had been added to the Climate Bonds Green Bond Database(GBDB),a 1%decline from H2 2021(USD240bn),which had been a record period.This analysis includes 40%of the amount issued in H1 2022 that met the above requirements:USD93.3bn split between 93 green bonds from 76 issuers.EUR wa

6、s the dominant currency with 68 bonds amounting to EUR69bn(USD75.8bn),while 25 qualifying USD denominated bonds had a combined issue size of USD18.5bn.This is the largest sample in any period to date.Sovereign bonds are subject to different market dynamics than bonds from other issuer types hence we