Green debt markets in Asean poised to grow

Published onFebruary 13, 2020

The green debt markets in ASEAN countries including the Philippines are poised to grow, according to the Securities and Exchange Commission (SEC). In a keynote speech at the ASEAN+3 Bond Market Forum Meeting held recently at the Asian Development Bank (ADB) Headquarters in Manila, SEC commissioner Ephyro Luis Amatong said bond issuances under the ASEAN Green and Sustainability Bond Standards have reached more than $3.8 billion last year. “While ASEAN may still be a relatively small player in the global Green/ Sustainability debt market – with $330 billion raised in 2019 – the rate of growth in ASEAN appears to show the necessary foundations for the development of such a green/ sustainability debt market have indeed been laid, including the issuance of a clear set of guidelines for issuers to follow and which investors, both international and domestic, recognize as holistic and reliable,” Amatong said.