bonds

The Swedes come marching in ... just out Gothenburg 6yr, SEK1.8bn ($273m) Green City Bond. Earlier in the month new issuers Stockholm Lans Landstring SEK870m ($167m) and Rikshem green property SEK100m ($15m) joined the charge.

The Swedish City of Gothenburg has made a second foray into the green bonds market with a SEK1.8bn ($273m) 6 year bond. This follows on from a successful SEK500m issuance last year. The bond was sold mostly to Swedish investors but word is that they attracted a few new international investors too. Underwriter was SEB.

I’m in Svalbard, 79 degrees North in the Arctic; the retreating glaciers and ice-free fjords are making me fret about last week’s Regency $250m BBB 10yr Green Property Bond, the first from the US

A bit over a week ago Regency Centers became the first US Real Estate Investment Trust (REIT) to enter the green bonds space with a 10 year, $250m corporate bond linked to their portfolio of shopping centres. Interest rate is 3.75%; Bank of America Merrill Lvnch (BAML) was the structuring agent while joint bookrunners were BAML, JPMorgan, Well Fargo and US Bancorp.

Invitation: webinar this week Thurs 29 May on new Climate Bonds Green Property eligibility criteria, timed for Australia/Asia/US-West-Coast

We are now in the final stages of the eligibility criteria development process for Green Property (commercial and residential). We're holding this webinar to run through proposed criteria and seek feedback.