Green

Berlin Hyp drills down to building CO2, gifts ‘Green Pfandbrief’

Berlin Hyp has enhanced its green bond reporting by calculating carbon emission savings based on the specific energy mix of buildings in its green finance portfolio, in what is understood to be a first for a green bond issuer. The lender has meanwhile transferred its Green Pfandbrief brand to support the Association of German Pfandbrief Banks in promoting the product.

Deals

La Banque Postale doubles buyers in green SNP debut

La Banque Postale inaugurated a green, social and sustainability bond framework last week and attracted twice as many investors to the EUR750m 10 year green senior non-preferred bond than its last conventional SNP. Issuance in social and covered bond formats is set to follow.

Deals

Investors stick with green ABN AMRO in hot market

ABN AMRO priced its fourth green bond last Monday, a EUR750m no-grow seven year deal where green investors proved less price sensitive in a hot market, on the same day the Dutch State Treasury Agency announced plans for the Netherlands to issue the first triple-A green sovereign bond.

Deals

Nykredit to issue green covered bonds in Danish, Swedish markets

Europe’s largest mortgage covered bond issuer, Nykredit Realkredit, is to join compatriot Realkredit Danmark in issuing green covered bonds, with the Danish model meaning that cheaper financing costs will be passed on directly to end-borrowers, among whom Swedish clients are “leading the pack”, the issuer’s IR head told Sustainabonds.

Deals

UBI flags sustainable credentials in EUR500m green debut

Demand from international and ESG-related investors boosted demand for a EUR500m five year senior preferred green bond debut from UBI Banca on Wednesday, as the Italian bank took the opportunity to showcase the activities encompassed in its green, social and sustainable framework.

Deals

Green boost mitigates Danske premium as group framework debuted

An inaugural green bond from Danske Bank on Tuesday allowed it to mitigate concerns over its role in a money-laundering scandal to price the EUR500m no-grow five year non-preferred senior deal at a level well inside where a conventional bond from the Danish issuer would likely have been priced, on the back of EUR3.25bn of demand at re-offer.

Deals

OP green bond debut ‘ticks all the boxes’

Finland’s OP Financial Group achieved a strong outcome for its debut green bond on Tuesday, a EUR500m five year senior preferred deal that attracted over EUR2.1bn of demand and paid no new issue premium, with its green nature seen boosting an offering that already had several factors working in its favour.