The National Bank of Denmark has published new monthly statistics on sustainable bonds, covering the development in Danish entities’ issuance and Danish investors’ holdings of both domestic and foreign sustainable bonds. The dataset is designed to align with the European Central Bank’s corresponding euro area statistics, enabling comparison. At end-December 2025, Danish entities had issued DKK 405 billion of sustainable bonds, equal to 7.9% of the Danish bond market, with green bonds accounting for DKK 368 billion and sustainability-linked bonds issued by non-financial corporations totaling DKK 37 billion. Financial companies were the largest issuers at DKK 191 billion, including DKK 114 billion of green mortgage bonds from mortgage institutions, followed by non-financial companies at DKK 142 billion and government green bonds of around DKK 43 billion issued since 2022; foreign investors were the largest holders of Danish sustainable bonds at DKK 266 billion. Danish investors’ sustainable bond holdings totaled DKK 383 billion, also 7.9% of their overall bond holdings, with positions mainly in Danish issues and then euro area issuance including Germany, the Netherlands and France; the insurance and pension sector was the largest domestic investor, ahead of banks and investment funds, and most issuance and holdings carried external assessments via second party opinions.
National Bank of Denmark 2026-02-17
National Bank of Denmark launches monthly sustainable bond statistics showing DKK 405 billion issued and DKK 383 billion held
The National Bank of Denmark released new monthly statistics on sustainable bonds, showing Danish entities issued DKK 405 billion, representing 7.9% of the Danish bond market. Green bonds accounted for DKK 368 billion, with financial companies as the largest issuers. Foreign investors held DKK 266 billion of Danish sustainable bonds, while Danish investors' holdings totaled DKK 383 billion, primarily in domestic and euro area issues.