Fixed Income lead the way in sustainability and sovereign bonds
Our fixed income markets continued to support international issuers, such as sovereigns, municipalities, supranationals, corporates and banks, to meet their funding needs in 2021. The Main Market and International Securities Market supported over 1800 transactions which raised over £500bn.
Over 100 bonds were admitted to the Sustainable Bond Market (SBM) this year, raising over £50bn. SBM has now supported issuers raise more than £100bn through active bonds on the market. Significant issuances included the Industrial and Commercial Bank of China, the International Finance Corporation, and debut sovereign green bond transactions from the UK, Uzbekistan, Benin and the Republic of Korea.
LSEG issued its largest bond to date and saw the first use of digitisation in syndicated bond markets in April when our SparkLive and Flow platforms were utilised to conduct an investor roadshow and negotiate bond documents as part of a $7bn multi-currency, multi-tranche syndicated issuance.
LSEG also became a founding member of the High-Level Working Group on green sukuk at COP-26 through the support London’s markets provided transactions like the UK government’s second sovereign sukuk and Saudi Aramco’s debut sukuk raising $6bn, the largest ever corporate sukuk.