In 2017, the total issuance of SEK 38 billion represented 6 percent of all SEK bonds issued, the SEK 53 billion issued so far in 2018 corresponds to 11 percent. "Danske Bank's expectations of SEK 65 to 70 billion of green bond issuance in 2018 still looks valid, with hopes of doubling the level recorded in 2017," concludes Mac Key.