Deals

MünchenerHyp begins benchmark SNP journey with green first

MünchenerHyp issued its first senior green bond on Wednesday, a €500m eight year deal that is also its first senior non-preferred euro benchmark, with the German bank moving to take advantage of persistent demand in credit markets at higher yields in spite of elevated rates volatility.

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Finanzagentur green twins ready to take next step forward

The Federal Republic of Germany took the green bond market to a new level on 2 September with the launch of its first green Bund. Ahead of Germany’s first green bond auction on 4 November, Deutsche Finanzagentur co-CEO Dr Tammo Diemer discussed with Sustainabonds’ Neil Day its twin bond concept, how the pandemic has affected its activity, and the arrival of the EU in the sustainable bond market.

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Corporates branch out in green and social bonds

Green and social bond markets have withstood and even grown on the back of the Covid-19 pandemic. Rooted in their businesses and CSR strategies, an increasingly diverse range of corporates are approaching the market — at times branching out into new instruments. In this Sustainabonds roundtable sponsored by ABN AMRO, corporate finance and responsible investment professionals share their insights and opinions around the latest developments.

Deals

Berlin Hyp 10 hits high in wake of new green ambitions

Berlin Hyp achieved the highest bid-to-cover ratio of any German Pfandbrief this year on Tuesday when it reopened the post-summer covered bond market with its 10th benchmark green bond, a €500m 10 year deal launched in the wake of “ambitious” new sustainability targets, and followed it up with a Swiss franc debut on Thursday.