green-bond-market

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.

Green bond market report: 1st CBI certified Asian GB frm HFE; Repeat GB’s frm KEXIM ($400m), Mass Clean Water $207m, Ontario CA$750m($537m)& OPIC $14m. Plus US Muni GB’s frm San Diego $100m & Uni Texas $206m. Plenty of green gossip too!

The first certified green bond in Asia, a flurry of municipal green bonds from three corners of the US: Texas (University of Texas), Massachusetts (Mass Clean Water) and California (San Diego) and repeat green issuances from Korea’s KEXIM, Canada’s Province of Ontario and the US governments’ OPIC. Plus a first time green issuance from New York's MTA this week rounded of a busy start to the month.

China MKT Update: the green dragon is stirring with RMB 32.6bn ($5bn) of green bonds issued already in Jan, including a blockbuster RMB 20bn ($3.5bn) from SPD 中国绿色债券市场一鸣惊人,1月份已发行50亿美元!

At the end of last year we saw the tip of the Chinese green bond market iceberg surface with the first Chinese corporate green bond from Goldwind and first Chinese green domestic issuance from Agricultural Bank of China (ABC).  The momentum built with the the People's Bank of China (

Mkt update: roaring wk in GB mkt -Renovate America 1st labeled Green ABS $201m +2nd review! Big demand HSBC €500m 4x oversub; Oslo NOK1.5bn, CN’s $65m water, Repeats from EDC, EIB, OPIC, detail on SocGen; & gossip!

Corporate

HSBC inaugural  500m ($547m) green bond is BIG success with 4x oversubscribed (0.625%, AAA, 10 yrs)