Sustainability-linked bond reinforces Berlin Hyp agenda

Berlin Hyp became the first bank to issue a sustainability-linked bond (SLB) on Tuesday, 13 April, with a €500m 10 year senior preferred deal. Bodo Winkler-Viti, Berlin Hyp’s head of funding and investor relations, discussed with Sustainabonds’ Neil Day the pioneering first issue, the rationale for adopting the new instrument and the bank’s choice of metrics, and how SLBs fit in with its green bond issuance.


Pioneering Berlin Hyp €500m 10s set tight SLB benchmark

Berlin Hyp became the first bank to sell a sustainability-linked bond (SLB) yesterday (Tuesday), issuing a €500m 10 year senior preferred bond with a coupon step-up should it not hit a carbon reduction target, in a “courageous” move that met with dedicated investor interest and achieved tight pricing.


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.


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.


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.