- 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.