New buyers back Berlin Hyp in first green covered bond

Berlin Hyp sold the first green covered bond today (Monday), attracting almost Eu2bn of orders for a Eu500m seven year issue, with bankers suggesting the deal printed in line with where a conventional Pfandbrief would have priced while attracting new investors to the paper.


Sustainability and covered bonds: a lasting combination

With investors showing a growing interest in SRI, the topic has become one for covered bonds, and in September Münchener Hypothekenbank launched the first benchmark issue to carry a sustainability rating. Here, Franz Rudolf, head of financials credit research at UniCredit, explores what the relevant rating agencies are looking for.


Climate Bonds Initiative calls for green covered bonds

A group seeking bond market solutions to help raise finance for projects that address climate change, the Climate Bonds Initiative, is advocating the creation of renewable energy covered bonds and has called for existing covered bond legislation to be amended to encompass renewable energy assets.