Green, Social and Sustainability Bonds

SpaBol at Norway’s forefront with debut EuGB covered bond

SpareBank 1 Boligkreditt issued the first EU Green Bond (EuGB) from the Norwegian banking sector last month, a €1bn seven year covered bond that SpaBol’s Eivind Hegelstad said answered a call from the debt capital markets.

EuGB covered a ‘perfect fit’ for BPCE, debut gets €5bn-plus book

BPCE became the first French commercial banking group to issue an EuGB last Monday (1 June), as BPCE SFH sold a €1.5bn 6.5 year covered bond that drew a €5bn-plus book and is only the second EuGB covered bond, with the issuer describing the format as a perfect fit given its sustainability efforts and ambitions.

Green bid delights as Nordea leads covereds into EuGBs

Nordea Mortgage Bank issued the first EU Green Bond (EuGB) in covered bond format on Wednesday, a €1bn three year that is also the first EuGB from a Nordic financial institution, and the bank’s efforts were rewarded with an especially strong outcome, according to head of covered bonds Morten Keil.

SR-Boligkreditt sees green a factor in covered book high, zero NIP

25 February 2026

SR-Boligkreditt achieved its biggest ever order book for a covered bond last Wednesday, with its green format contributing to the level of demand and zero new issue premium achieved on the €1bn seven year, according to Dag Hjelle, the issuer’s CEO and head of treasury at SpareBank 1 Sør-Norge.

Haspa enjoys fruits of ESG efforts in €500m green covered first

4 February 2026

Hamburger Sparkasse issued the first green euro benchmark covered bond of 2026 yesterday (Tuesday), a €500m seven year debut Green Pfandbrief that benefited from its scarcity and ESG credentials to achieve a strong result in terms of demand and price, according to Haspa’s Felix Zillmann.

Sustainability players steer strategies to show resilience in face of headwinds

12 January 2026

Adaptation and artificial intelligence are among key themes being flagged for sustainable investing in 2026, as the industry responds to climate, geopolitical and technological developments, with expectations for green, social and sustainable bond issuance modest.

Hesse levels up Länder as €1.5bn 10s evince greenium

13 June 2025

The State of Hesse on Tuesday printed the largest green bond from a European region, a €1.5bn 10 year that attracted over €6bn of orders and more accounts than on any previous Hessian issue, with the level of demand and greenium of at least 1bp seen as testament to its credentials and efforts.

Affordable housing, hospital themes for CFF social debut

6 October 2023

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

18 August 2023

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.

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BNG bonds help power Dutch social, climate ambitions

Housing and climate are high on the political agenda in the Netherlands, and, as the “financial engine” of the public sector, BNG Bank’s ESG bond issuance is both reflecting and supporting these and other societal goals. BNG’s Rob Schreppers, Sydney Siahaija and Koen Westdijk spoke to Sustainabonds’ Neil Day about its impactful and innovative lending, global trends driving market dynamics, and the strategy behind its growing social and sustainable issuance.

Diverse EuGB debut culmination of Baden-Württemberg green bond vision