August 6, 2018 / 12:25 PM / a month ago

Global green bond issuance could reach $185-210 billion this year -SEB

LONDON, Aug 6 -

* Global green bond issuance could rise to $185 billion this year and even reach $210 billion as activity in new sectors and large economies picks up, Nordic corporate bank SEB said on Monday

* The bank has increased its forecast from $175 billion in May

* Green bonds are fixed-income securities which raise capital for projects with environmental benefits

* The green bond market delivered its second highest quarterly figure to date in the second quarter at $47 billion, up 21 percent year on year

* The overall bond market has slowed this year due to interest rate hikes and increasing currency risks, the bank said

* Moody’s Investor Service sees issuance rising to $250 billion this year and S&P Global Ratings forecasts $200 billion (Reporting by Nina Chestney; editing by Jason Neely)

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