Deals

Green covered debut sees Eika succeed in uncertain market

Eika Boligkreditt sold its first green bond on Tuesday, with the green element and a defensive approach contributing to a successful outcome in an uncertain market, according to an official at the Norwegian issuer, whose framework tackles taxonomy alignment and reflects green progress in the Eika Alliance.

Deals

Belfius debut highlights strong demand for green bank bonds

Belfius inaugurated a green bond framework last Tuesday with a €500m six year senior non-preferred (SNP) issue and achieved a “greenium” of several basis points, according to lead bankers, as banks took advantage of strong demand for green bonds to tap the euro market for SNP and Tier 2.

Green

CBI sees urgent need for common reporting framework

The green bond market urgently needs a common framework for use of proceeds and impact reporting, according to a Climate Bonds Initiative (CBI) survey, which found the nature of reporting so far to be “totally fragmented”, even if post-issuance reporting itself is now widespread.