This study investigates the characteristics of the European non-financial corporations (NFC's) bond issuers in the period 2004-2015. We find that bond issuers are significantly different from non-bond issuers; they are larger and older, and listed firms are more likely to issue bonds. Among...

The financial system plays a major role in the transition to a low-carbon economy. We investigate this issue analyzing the recent developments and challenges in the bond and debt markets. First, we study the pricing of green bonds at issuance. We find a premium when green bonds are issued by...

The financial system plays a major role in the transition to a low-carbon economy. We investigate this issue analyzing the recent developments and challenges in the bond and debt markets. First, we study the pricing of green bonds at issuance. We find a premium when green bonds are issued by...