South Korea has overtaken China to lead Asia in sales of socially-responsible bonds this year, as global issuance of debt to fund the fight against Covid-19 surges.
Borrowers in Korea have sold $11.9 billion of environmental, social and governance notes so far this year, the most in the Asia-Pacific region, followed by Japan with $9.5 billion and China with $9 billion, Bloomberg-compiled data show. China was Asia’s biggest issuer of such debt from 2016 to 2019.
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