Deals

ING Poland eyes 2020 green euro debut after zloty start

ING Bank Hipoteczny hopes to launch a debut euro benchmark covered bond in green format in the first half of 2020, after having inaugurated its covered bond programme with an upsized PLN400m green bond, which its CEO said will help move Poland’s housing sector forward in a green direction.

Deals

SR takes Nordics negative, Sør plans sustainable debut

SR-Boligkreditt inaugurated a green bond framework with the first negative-yielding euro benchmark covered bond from the Nordics on Tuesday, while Sparebanken Sør Boligkreditt is set to follow with a green covered bond debut off the first Norwegian framework also targeting social goals.

Green

Rabobank quick to embrace EU Green Bond Standard

Rabobank recently aligned its green bond framework with the latest draft of the proposed EU Green Bond Standard and Sustainabonds spoke to Maarten Biermans, head of sustainable capital markets at the Dutch bank, about the issuer’s support for the initiative, notably the “do no significant harm” principle.

Green

Vdp sets minimum standards for Green Pfandbriefe

The Association of German Pfandbrief Banks (vdp) has set minimum standards for issuance to be eligible for the Green Pfandbrief/Grüner Pfandbrief trademark, aligning it with initiatives such as the Green Bond Principles and the draft EU sustainable finance taxonomy and Green Bond Standard.

Deals

EM SDG impact helps StanChart sustainability debut fly

Standard Chartered attracted over EUR3.4bn of orders for an inaugural sustainability bond on 25 June, building on a broader green and sustainable product framework to offer investors an uncommon opportunity to support the UN SDGs in the range of emerging markets the bank operates in.