SMFG debuts Japan Guidelines in green TLAC euro first

Sumitomo Mitsui Financial Group became the first Japanese issuer to sell a green bond in accordance with Ministry of the Environment guidelines on 4 October, and SMFG officials said the move highlights a growing focus on the asset class in Japan, while being a green TLAC/MREL euro first.


SMFG reaps pricing rewards of first green euro HoldCo

Sumitomo Mitsui Financial Group (SMFG) sold the first green HoldCo transaction in euros on Wednesday, a EUR500m seven year fixed rate trade that attracted over EUR1.6bn of demand, pre-reconciliation, to achieve tight pricing, while Japanese peer Mizuho is due with a senior trade after a roadshow ending today (Friday).


DKB no one-hit wonder as EUR500m follow-up prices tight

Deutsche Kreditbank head of treasury Thomas Pönisch attributed impressive pricing on its second green bond on Tuesday to the “green factor”, while the German lender extended its commitment to the market with a longer oekom agreement and a larger pool that could see a private placement follow.


Evidence on ‘greeniums’ mixed, but momentum promising

Green bonds do not yet offer cheaper funding than conventional comparables, according to a report from the Climate Bonds Initiative (CBI) and the International Finance Corporation (IFC), even if momentum reflected in moves from IPTs and secondary performance – notably on an Apple bond – suggests a positive future.


European Green Securities Steering Committee sets out priorities

The European Green Securities Steering Committee – an industry-wide committee jointly convened by the Climate Bonds Initiative and the European Covered Bond Council, with the support of the UNEP Inquiry – mapped its priorities for the coming 12 months at an inaugural meeting last Thursday (29 June).