Deals

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.

Deals

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

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.

Deals

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

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.

Deals

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

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.

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.

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Featured

The EU Green Bond Bank Roundtable

2025 has seen the landmark opening of EU Green Bond issuance by banks. Together with sponsor NORD/LB, Sustainabonds gathered together the pioneering issuers from the sector alongside buyside representation in Amsterdam in December, to find out the key challenges faced by the inaugural issuance, how the banks achieved their goals, and what lessons can be learned from their experience if the EuGB market is to deepen in 2026 and beyond.