environmental-bond

New €80m 12yr French enviro bond 90% over-subscribed - Calais shows the way

Submitted on Wed, 2012-09-19 09:13

Yesterday the Nord-Pas de Calais region of France announced its second successful issuance of a socially responsible bond since 2008.

The €80m, 12 year bond was facilitated by Credit Agricole - yes, it's that Tanguy Claquin again. Coupon (basically interest rate) was 3.42%, S&P rating is AA-.

New $75m NIB Enviro Bond out

Submitted on Thu, 2012-08-30 23:43

Nordic Investment Bank this week issued a new 20 year (yes, long dated are selling) SEK 500 million "Environmental Bond", linked to their environmental lending portfolio. It was sold mainly to Scandinavian investors. Lead Managers were SEB (go Christopher Flensborg!) and BoAML. Interest rate 2.75%. For details (including about their ring-fencing) go to http://www.nib.int/capital_markets/environmental_bonds