Deutsche Kreditbank Climate Certified Bonds

Deutsche Kreditbank (DKB) is a wholly subsidiary of BayernLB. In June 2016, they issued a EUR 500m Climate Certified Bond. Proceeds will be used to refinance loans for the construction and operation of onshore wind and solar plants.

DKB has identified 181 assets – 66 wind and 115 solar projects – that may be financed by the proceeds.

 

This is the first Certified Climate Bond from Germany.

 

 

Issue Month	Size in issuance currency (in USD)	Tenor	Geography	Sector Criteria	Verifier's Report	Ongoing Compliance Reports	Further information
June 2016	EUR 500m (USD 570m)	5 years	Germany (70%) Rest of Europe (27%) Asia (3%)	Solar (61%) Wind (39%)	Oekom pre issue report Oekom post issue report	Annual Report 2016 Annual Report 2017 (note that this report includes both the Certified Climate Bond from 2016 and their second green bond in 2017, which is not Certified)	Blog Blog Presentation DKB Green Bonds website Green Bond Framework (contained within Social Bond Framework)