Corporate Borrowing & Debt

With governments and development banks dominating sales, the global market for green, social, sustainability, and sustainability-linked bonds reached $150 billion last year.

"If you don't believe there are assets to replace your existing, you're going to be more willing to do a leveraging transaction like using first lien to take out a second lien."

"We could easily see $200 billion of sales this month."

So far in January, investors have bid about €1.04 trillion (US$1.13 trillion).

Meanwhile, green bonds, whose proceeds can be used only for specific projects, had their second-busiest year ever.

The winner of the 2023 Gold Alexander Hamilton Award in Liquidity Management is ... Ford Motor Company. Congratulations!