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.

Deals

Berlin Hyp completes perfect ESG hat-trick with social debut

Berlin Hyp became the first European bank to have issued in green, social and sustainability-linked formats with the launch of a €750m 10 year mortgage Pfandbrief on Tuesday supporting affordable housing, and the bank plans to be a similarly familiar face in the social market as it is in green bonds.

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.