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dc.contributor.authorMartin, Patrick
dc.coverage.temporal2021-2022
dc.creatorUN.ESCAP
dc.date.accessioned2022-01-14T07:37:37Z
dc.date.available2022-01-14T07:37:37Z
dc.date.copyright2021
dc.date.issued2021
dc.identifier.urihttps://hdl.handle.net/20.500.12870/4159
dc.description.abstract<p>In the past few years, the fixed income markets have seen a substantial rise in green, social, sustainability, and Sustainable Development Goal (SDG) bonds. These bonds, referred to collectively as thematic bonds, are akin to common fixed-income securities. The main difference is that the projects financed from the issuance of such bonds aim to generate high environmental and social benefits. Thus, thematic bonds can contribute to implementing the 2030 Agenda for Sustainable Development.</p> <p>The signing of the Paris Agreement in 2015 contributed to the emergence of green bonds. The Agreement brought the urgent need for global institutional investors to fight against climate change through capital investments based on sound environmental principles. Simultaneously, other types of fixed-income securities —social and sustainability bonds — emerged to offer solutions for other global challenges outlined by the SDGs. The socioeconomic consequences of the COVID-19 pandemic, and the resultant need for fiscal spending, have only increased interest in these instruments, including in countries in special situations. Issuing a thematic bond is a multifaceted process involving numerous steps issuers must follow.</p> <p>This report aims to introduce the issuance of thematic bonds by describing the steps required by issuers. It illustrates the major processes involved in the issuance of thematic bonds, which can be categorized into four stages: (i) feasibility; (ii) pre-issuance; (iii) issuance; and (iv) post-issuance. The report provides practical guidelines for engaging in each stage of the process, explains critical actions that need to be undertaken in the issuance procedures, and outlines the unique dimensions and benefits that thematic bonds offer.</p>
dc.description.tableofcontents<p>1. Introduction<br />2. Thematic bonds and their growing importance in Asia and the Pacific<br />3. Feasibility Stage<br />4. Pre-issuance Stage<br />5. Issuance Stage<br />6. Post-issuance Stage</p>
dc.format.extentvi, 29 p.
dc.format.mimetypeapplication/pdf
dc.language.isoeng
dc.publisherUnited Nations
dc.rightsThis publication may be reproduced in whole or in part for educational or non-profit purposes without special permission from the copyright holder, provided that the source is acknowledged. The ESCAP Publications Office would appreciate receiving a copy of any publication that uses this publication as a source.
dc.rightsUse may not be made of this publication for resale or any other commercial purpose whatsoever without prior permission. Applications for such permission, with a statement of the purpose and extent of reproduction, should be addressed to the Secretary of the Publications Board, United Nations, New York.
dc.titleAn introduction to issuing thematic bonds
dc.typeText
dc.rights.holderUnited Nations
dc.subject.unbistDEVELOPMENT FINANCE
dc.subject.unbistBONDS
escap.publisherPlaceBangkok
escap.doctypeReport
escap.programmeOfWorkMacroeconomic Policy and Financing for Development
escap.areasOfWorkFinancing Strategies For Sustainable Development
escap.unSDG8. Decent Work and Economic Growth
escap.unSDG13. Climate Action
escap.bibLevelMonographic component part
escap.link.internalLinkhttps://www.unescap.org/kp/2021/introduction-issuing-thematic-bonds
escap.contactUnitMacroeconomic Policy and Financing for Development Division
dc.date.escap2021-12-22


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