COVID-19 Bond Market Worth $65 Billion at the End of April

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Nicole y-harry

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May 8, 2020
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  • COVID-19 bond issuances are on the rise
  • Market could grow to $108 billion by year-end
  • Bank of America became first bank to issue COVID bond


Like green and social bonds, coronavirus bonds have emerged as a new way to make a difference with investments. As of April 28, bonds sold by government and companies to fight the virus and its impact were worth about $65 billion, according to AXA Investment Managers. The COVID-19 bond market could grow to $108 billion by the end of the year if current issuance rates continue, said the asset manager in a note.
 
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