Deals

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.

Initiatives

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).

Deals

Nordea debut takes green bonds to new pricing records

Nordea took green bonds to a new tight with the launch of a EUR500m five year senior unsecured green debut on Monday that achieved pricing some 4bp through the Swedish group’s regular issuance and the lowest spread on any five year senior unsecured benchmark in a decade.

Deals

CRN plans only sustainable issuance after senior first

Caja Rural de Navarra intends to raise all new wholesale funding under a sustainability framework it inaugurated with a cédulas last November, according to its head of treasury, after the issuer sold its first senior unsecured deal under the framework and signed up to the Label.