Affordable housing, hospital themes for CFF social debut

CFF yesterday issued an inaugural issue of social obligations foncières supporting social housing and healthcare under the BPCE group’s sustainable development bond programme, a €500m long five year deal that bankers said “unblocked” the euro benchmark covered bond market.


Social interest ‘encouraging’ in smooth Berlin Hyp reopener

Berlin Hyp issued the post-summer reopening euro benchmark covered bond for a fifth consecutive year on Wednesday, and Bodo Winkler, head of funding and investor relations at the issuer, told Sustainabonds that interest in social bonds now appears to be almost on a par with green.


‘Delayed’ EBA work set to take in green amid ECB focus

The European Commission could expand the European Banking Authority’s mandates for follow-up work on the EU covered bond directive to include recommendations on green covered bonds, which were a key topic for the European Central Bank at a recent Helsinki European Covered Bond Council plenary.


GBP, EBA updates raise green covered bond questions

The European Covered Bond Council is working on a definition of green covered bonds aimed at reflecting the distinct characteristics of the instrument to ensure its appropriate treatment in incoming regulations, and following a Green Bond Principles update deemed contradictory to its core feature by some.

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GSS Länder bonds tackle environmental, social missions

A pre-summer bout of green, social and sustainability issuance from Germany’s federal states highlighted their burgeoning activity in the market as well as the environmental and social tasks they face. Representatives of the five Länder to have issued GSS bonds spoke to Sustainabonds’ Neil Day about their rationale for entering the market, what make their frameworks distinctive, and how their issuance is evolving in light of market and regulatory developments.