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MünchenerHyp cracks first thematic covered bond! EUR300m ($389m) Aaa 5yr, for coop housing. 1.6x oversubscribed. It’s the prototype for a Green Pfandbrief – at last!

Submitted on Sun, 2014-09-21 18:47

Münchener Hypothekenbank eG has just issued an “ESG-labelled” covered bond (or Pfandbriefe, as covered bonds are called in Germany) for refinancing of housing cooperatives. Oekom Research provided a second opinion on the “social” benefits – you can find it on our web site.

California isn’t just issuing green bonds – it's buying them too! World Bank issues $250m bond solely for California State Treasurer's Office, 2yr, AAA

Submitted on Sat, 2014-09-20 06:22

This week I'm in San Francisco, speaking about the green bonds market and where it's going at events kindly convened by the California State Treasurer's Office and the California State Controller's Office.

This is the same week that the State Treasurer's Office is out in the market with the first California Green Bond (fully aligned with the Climate Bonds Taxonomy).