While global sustainable finance issuance remained low in the third quarter of 2024, Dutch multinational bank ING expects a rebound next year on the back of environmental, social and governance offerings.
ING said it anticipates this pace to continue into the fourth quarter, with market activity concentrated in the first half of 2024. Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort told the BusinessMirror that the slowdown could be attributed to the peak in interest rates and bond yields globally and in the United States earlier this year.
ING Philippines Country Manager Jun Palanca said ongoing discussions with clients indicate continued interest in sustainable finance deals.
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