In the nascent asset class of blue bonds, where proceeds are typically earmarked for ocean-friendly projects and critical clean water resources protection, Latin America stands out.
Last year, it was the biggest market for blue bonds, accounting for almost half (49.1 per cent) of total issuance, according to S&P Global data. The $2bn-worth of blue bonds issued in the region last year were mainly in the sanitation sector. This year will see Panama’s stock exchange, Latinex, list its first blue bond.
