Citi Overtakes Credit Agricole in Global Green Bond Underwriting

Citi displaced Credit Agricole CIB and became one of the top three underwriters of global green bonds during the past month. Total issuance in the market rose 173% year-to-date compared with the same period last year.

• Issuers sold $199.5 billion of bonds through May vs. $73.2 billion a year ago, according to data compiled by Bloomberg League Tables
  
• Citi’s market share rose to 6.09%, overtaking Credit Agricole CIB, which captured 5.22%; JP Morgan remained the top manager with market share of 6.56%
  
• Federal Republic of Germany was the biggest issuer in May, at $7.3 billion

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