Deals

Deutsche Kreditbank readies social covered bond debut

Deutsche Kreditbank (DKB) is preparing to issue an inaugural social covered bond, the leading green bond issuer having yesterday (Wednesday) announced a roadshow for a EUR500m issue backed by loans to public sector entities, which will be its first benchmark covered bond in three years.

Green

Rabobank pushes ESG status as touchstone in CP/CD first

Rabobank has launched a EUR5bn “ESG Leader” commercial paper and certificates of deposit programme that it can only issue off as long as it is ranked in the top 5% of companies by Sustainalytics, and an official at the Dutch issuer told Sustainabonds that the first sale already offered it a cost saving.

Deals

QBE: Engendering a social buzz

QBE put gender equality centre stage when it sold the first capital instrument from a financial institution to be in social bond format on 9 November. Here, QBE group treasurer Paul Byrne discusses the inspiration for the landmark and its execution.