Sustainability bond issuances up nearly 80% in 2024

Loans issued last year were also up by around 40%.

Singapore nearly doubled the volume of its green, social, sustainability and sustainability-linked (GSSSL) bond issuance, reaching $13.3b in 2024.

According to the Monetary Authority of Singapore (MAS), last year’s figure jumped 79% from $7.4b in 2023. The bulk of 2024’s issuances were green bonds.

“Singapore GSSSL bond issuance volumes rebounded in 2024, in line with stepped-up bond issuances globally due to a more benign interest rate environment,” MAS said.

Meanwhile, GSSSL loans were up 44%, reaching $48.1b in 2024.

“GSSSL loans originated from Singapore in 2024 hit a yearly high for the seventh consecutive year,” MAS said, with its data showing sustainability-linked loans formed the majority of the issuances.