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Norwegian utility NTE issues NOK750m ($110m) of green bonds in 3 tranches to refinance hydro: 3, 5 & 7 yrs. Green bonds for refinancing key to grow the market. Oversubscribed in 2 hrs!

Submitted on Tue, 2014-11-18 15:48

By Beate Sonerud, Climate Bonds Policy Analyst

Nord-Trøndelag Elektrisitetsverk (NTE), a Norwegian utility, has issued NOK750m (US$110.2m) of corporate green bonds in 3 tranches with varying maturity and floating coupons:

Aloha! Hawaiian State Govt issues green ABS for solar: $150m, AAA in two tranches: 50m, 8yr, 1.467% + 100m, 17yr, 3.242%. An excellent example!

Submitted on Sun, 2014-11-16 03:15

The Hawaii State Department of Business, Economic Development and Tourism (DBEDT) has issued US$150m of AAA-rated green asset-backed securities in two tranches.

International Coop & Mutual Insurance Federation, representing $8 trillion, joins Climate Bonds Standard Board

Submitted on Fri, 2014-11-14 09:42

The International Cooperative and Mutual Insurance Federation (ICMIF), representing members with a collective US$ 8 trillion of assets under management, today joined the Climate Bond Standards Board, the organization working to clarify climate smart investments for bond investors.

Dutch giant RaboBank signs up as a Climate Bonds Partner

Submitted on Tue, 2014-11-11 00:32

RaboBank, the world's leading food and agricultural bank, has signed up as a Climate Bonds Partner. Evertjan Manuels, Head of Corporate Fixed Income Origination at RaboBank, said:

Germany’s NRW Bank issues 2nd AAA green bond: EUR 500m ($636m) 4yrs. 2x over-subscribed in 3 hrs! Water, wind & energy efficiency

Submitted on Mon, 2014-11-10 00:24

German regional bank NRW last week issued their second green bond - EUR 500m with a 0.25% coupon and a 4 year tenor. The bond is double the size of their inaugural green bond in November 2013. The bond priced at mid swaps -10bps. Underwriters were DZ Bank and HSBC; rating by Fitch.

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