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Development bank issuance

Massive demand for KfW’s third green bond offering, and first ever kanga bond, sees it upsize to A$600m ($456m) and its still oversubscribed! 5.25yrs, AAA, 2.4% coupon

After a blazing entry to the green bond market last summer German development bank KfW continued to lead with a Kanga (Australian dollar denominated) bond to the tune of A$600m ($456m). It’s KfW’s first ever Australian dollar bond.

The British Crown Estate today issued its inaugural £20m ($35m) green bond, the UK’s third green bond following green bonds from Unilever and Big60Million. The bond has a 1.4% coupon and 15 year tenor.

31 March - Paris: I'll be at the Climate Finance Forum: Sharing Solutions in Developing Countries – event organised by the International Development Finance Club (IDFC).

Munich-based bank, Münchener Hypothekenbank eG has EUR 35.7 billion (US$53 billion) as of June 30, 2014 of assets under management and has the biggest mortgage cover pool of all German Pfandbrief issuers.

Last year the bank issued a highly successful EUR 300m esg covered bond (ESG Pfandbrief). The bank has indicated its interest in also issuing Green Covered Bonds for low-emission housing.

Development bank issuance

EIB taps their 2026 Climate Awareness Bond for a further EUR 250m ($274m), coupon 1.25%, AAA