green-bond-market

GB Market Rpt: Water, water everywhere! Cleveland $32.4m, Saint Paul $7.7m, Indiana $115.8m, Columbia Uni $50m, California $411m, Massachusetts Water $682m! US municipal green bonds issuance is dominated by water.

There's been so much going on in the green bond space over the past couple of weeks that we have split the normal market report. Corporates

GB Market Rpt: Alliander €300m ($339.6m, 10yrs); 1st China onshore corporate Concord Wind RMB200m ($31m, 3yrs); Iberdrola €1bn ($1.13bn, 10yrs), Vasakronan SEK550m ($67.6m, 2yrs); Latvenergo €25m ($28.4m, 6yrs)

For this market report edition we are focusing on the recent flurry of Corporate Green Bonds. There has been so much going on in the green bond space over the past couple of weeks that we will be blogging more about the municipal and development bank green bonds - and all those market developments - seperately, so keep an eye out

Corporate green bonds

 

Green Bond Market Report: Four new ‘AAA’ rated benchmark sized green bonds: Kommuninvest inaugural $600m (3yr) NWB Bank $1bn (10yr) Chinese bank SPD RMB 15bn ($2.3bn, 5yr) IFC $700m (10yr); &1st ever green Schuldschein frm Nordex €550m is CB Cert

Banks

Kommunivest’s inaugural green bond upsized to $600m marks the largest Nordic issue yet ($600m, 3yrs, 1.5% S/A, Aaa)

Sweden’s largest municipal lender Kommuninvest leapt into the green bond market for the first time with the largest issuance. The Swedish lender’s inaugural green bond of $600 m has a 3-year tenor, semi-annual coupon of 1.5% and is rated Aaa by Moody’s. Bank of America Merrill Lynch, Crédit Agricole CIB and SEB were lead underwriters for the deal.

Green Bond Market Report: Apple sources $1.5bn green bond funding, Renovate America on the PACE with 2nd green ABS of $217.5m, MTA on track for $783m certified issuance, Ramsey’s $17.9m green debut, Development banks active, NN IP launches green bond fund

 

Corporate green bonds

Apple Issues largest certified US corporate Green Bond ($1.5bn, 7 yrs, 2.85% S/A, Aa1e)

How do you like them apples! Cupertino commits to largest ever US corporate green bond – a huge $1.5bn! And gets both a second review & post issuance assurance – now that's leadership.

Apple dropped into the green bond market for the first time yesterday with a whopping $1.5bn issuance. The green bond was part of larger $12bn bond sale by Apple, which is the second largest bond market deal so far this year.