several years of rapid evolution, what do you expect will drive the next wave of sustainable debt issuance? Are there new structures or issuer types that you're looking out for?

Yeah, actually, there's been a lot of different kind of, we're calling thematic structures that we've seen this year, the end of last year, 2025, into this year.

And We've seen these new types of issuance really gain a lot of traction and get a lot of interest from investors.

So a few examples of some of these are like a resilience bond or specific bonds in debt reforestation.

So we've been talking about the Amazon reforestation for years, but we're actually seeing a lot more scale to some of the projects that are being done with development banks getting involved, Inter-American Development Bank, did a billion dollar issuance, you know, Australian dollar issuance earlier this year.

And we're seeing more scale in some of these projects.

We've also seen a carbon capture bond, a digital inclusion bond, a bond to deal with glacial melt, a bond that's more focused on water conservation in Africa.

broader investor base.