EIB

HUGE pipeline of green bonds (GB) incl. EDF issues biggest USD corp GB! EIB adds $400m to its 2024 GB/ LM Group’s 1st GB ($56m) & BoE report promotes green bonds!

Exciting development this week is the strong pipeline of green bonds. We always expected Q4 to ramp up in the lead up to UN COP 21 in December so its great to see a steady stream of green bond announcements from development banks, corporates (many from India) and municipalities. Plus, Bank of England's report for Insurance sector indicates role for green bonds in financing climate resilience.

NWB Bank EUR1bn water – Bravo! / Swedish corps Uppsala Hem & Stångåstaden SEK500m ($59m) GBs / EIB EUR600m / Big60Million 3 certified solar retail / IREDA INR6bn ($90m) / SEB & green loans / Aligera gets review to join Stockholm Exc trading

A busy end-of-summer for the green bond market in Europe with issuance from development bank EIB, three Swedish corporate green bonds and a huge EUR1bn green bond for water from Dutch bank NWB. We are expecting this momentum to continue through September in the build up to the UN Climate Conference in Paris (UN COP21).

Wkly blog: KfW’s CEO: GB gets better price+investor diversity! KfW 1st kanga A$600($456m) goes bananas/OPIC 3rd 2015 offering $37.4m/More green US munis: Mass, Tacoma, Uni Arizona, Virginia Uni/ EIB’s impact reporting/CICERO’s green shades/WB’s Kyte call

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.