Since green bonds emerged in 2013, the global market for them has grown exponentially, with global issuance reaching US$155.5 billion in 2017, an increase of over 78 percent from 2016. While working like conventional bonds in terms of credit standards and tradability, green bonds, as their name suggests, are issued specifically for certain types of green projects, most notably renewable energy projects and low carbon buildings.
Historically, Mayer Brown has long been a leading force in project financings around the globe and at the forefront of the financing and refinancing of projects through the global project bond market, including leading innovative “hybrid” or “mixed” financing structures involving both loan and bond components.
Our leadership in the green bond markets is equally notable, as we have been one of the few global law firms to work on many of the first-of-their-kind green bonds for various industries globally. We also understand the nuances in the issuance guidelines of these bonds, particularly in the United States, Europe and China.
Mayer Brown is one of the few global firms to work on many of the first-of-their-kind green bonds across numerous industries.