Featured

Sustainable development spurs NRW to forefront of market

North Rhine-Westphalia is the only German state to have issued sustainable bonds and is planning a seventh later this year. Axel Bendiek, head of treasury and investor relations, and Kirsten Häger, head of sustainable finance, at the ministry of finance of the State of North Rhine-Westphalia (NRW), told Sustainabonds’ Neil Day how transformation towards a more sustainable economy underpins its […]

Deals

Deutsche debuts with €500m green bond after €200bn target set

Deutsche Bank entered the green bond market on Tuesday as part of a push towards a recently-announced €200bn sustainability target, with a €500m six year non-call five senior preferred deal that achieved a €4.5bn-plus book and pricing inside fair value, global head of issuance and securitisation Jonathan Blake told Sustainabonds.

Featured

KfW: ESG ambitions steadfast amid Covid-19 responsibility

As a conduit for Covid-19 economic mitigation measures, KfW is at the heart of Germany’s fight against the impact of the coronavirus. New treasurer Tim Armbruster and head of IR Jürgen Köstner spoke to Sustainabonds’ Neil Day about the practical and market challenges it faces in its latest role, and its overall sustainability ambitions.

Deals

New green high for Berlin Hyp at 2019 covered bond tight

Berlin Hyp sold over half a EUR500m eight year green Pfandbrief to investors classified as green at the tightest spread of any euro benchmark covered bond this year on Wednesday, in what head of funding and IR Bodo Winkler hailed as an amazing result, even if yield moves made pricing “a little bizarre”.

Deals

Bumper dollar covered first highlights LBBW green ambition

Landesbank Baden-Württemberg aims to build green benchmark curves, after having expanded and more than doubled its green bond portfolio, and wrapped up EUR750m senior and $750m covered bonds in the space of a week, the latter – the first dollar green covered bond – attracting unusually strong demand inside fair value.