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Upcoming Sustainable Bond Maturities Are Manageable Despite Near-Term Peak, Report Says

This report does not constitute a rating action.

PARIS (S&P Global Ratings) May 22, 2025--The volume of sustainable bonds with upcoming maturities is manageable given recent issuance levels, S&P Global Ratings Credit Research & Insights said today in a new report.

In Peak Near-Term Sustainable Bond Maturities Appear To Be Manageable, we note that S&P Global Ratings rates over $3.5 trillion in outstanding sustainable bonds (as of January 2025), and $1.8 trillion of that amount is scheduled to mature over the next five years (through 2029).

As an increasing amount of rated sustainable debt is reaching maturity, we expect that refinancing will add to the supply of sustainable debt. But investor demand appears to be more than sufficient to meet these needs, our report says: Rated issuance in each of the past five years was close to double the amounts scheduled to mature annually over the next five years.

Sustainable bond maturities peak in 2026 at $389 billion, we note in the report, with medium-term debt issued in and around 2019 coming due along with recently issued shorter-term debt.

The report is available to RatingsDirect subscribers at www.capitaliq.com. If you are not a RatingsDirect subscriber, you may purchase a copy of the report by sending an e-mail to research_request@spglobal.com. Ratings information can also be found on S&P Global Ratings' public website by using the Ratings search box at www.spglobal.com/ratings.

Primary Contact:Sarah Limbach, Paris 33-14-420-6708;
Sarah.Limbach@spglobal.com
Secondary Contacts:Evan M Gunter, Montgomery 1-212-438-6412;
evan.gunter@spglobal.com
Patrick Drury Byrne, Dublin 00353-1-568-0605;
patrick.drurybyrne@spglobal.com
Patrice Cochelin, Paris 33144207325;
patrice.cochelin@spglobal.com
Media Contact:Jeff Sexton, New York 1-212-438-3448;
jeff.sexton@spglobal.com

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