Landesbank Baden Württemberg is one of Germany's largest banks and it is based in the southwest of Germany. It has issued their first Climate Bonds Certified Bond in order to finance their loans related to low carbon buildings.This is the first Climate Bonds Certified Bond from a German bank and LBBW issues this bond with the intention of helping to develop this market in Germany.
LBBW signed up to the ICMA Green Bond Principles in 2014. It intends that these investments will contribute towards the UN Sustainable Development Goals (SDG), including SDG 11 (sustainable cities and communities), SDG 13 (climate action), and SDG 7 (affordable and clean energy).
| DATE OF ISSUE | TYPE OF INSTRUMENT | SIZE | MATURITY | COUNTRY OF ISSUE |
CLIMATE BONDS SECTOR CRITERIA |
VERIFIER'S REPORT | ANNUAL REPORT | FURTHER INFORMATION |
| December 2017 | Use of Proceeds Bond | Euro 750m (USD 884m) | 4 years | Germany |
Low Carbon Buildings - Commercial Low Carbon Buildings - Property Upgrades |
Oekom pre issue report | 2017 Report |
|
| June 2018 | Use of Proceeds Covered Bond | EUR 500m (USD 581m) | 5 years | Germany | Low Carbon Buildings - Commercial | Oekom pre issue report1 |
note 1: As this is a Programmatic Certification, the pre issuance verification report is the same for all subsequent bonds after the first one.