market-report

SolarCity issues US$200m of retail bonds, maturity ranging from 1-7 years, coupon 2-4%. What a pioneering company! First public solar bond offering in the US, after also doing the first solar securitisation in 2013

Submitted on Thu, 2014-10-16 16:03

By Beate Sonerud, Climate Bonds Initiative policy analyst

Swedish municipality Örebro issues a SEK750m (US$104m), 5 yr, AA+ green bond - the flow of Scandinavian green bonds continues!

Submitted on Tue, 2014-10-14 11:51

By Beate Sonerud, Climate Bonds Initiative policy analyst

Örebro, a Swedish municipality, has issued a SEK750m (cUS$104m) green bond. The bond has 5-year tenor and is rated AA+ by S&P. The bond was developed with SEB. Investors included SPP, AMF, Carnegie, Cliens and Länsförsäkringar Jönköping.

Development Bank of Japan issues green property bond, EUR 250m ($315m), coupon 0.25%, 3yr, Aa3/A+ - 3x oversubscribed! Will this be the trigger for Nippon institutional investment in green bonds?

Submitted on Wed, 2014-10-08 00:26

Development Bank of Japan (DBJ) has issued the first green bond from a Japanese issuer; EUR 250m with a 0.25% coupon and 3 year tenor. Moody’s and S&P have rated the bond Aa3 and A+ respectively. The bond was over three times subscribed – EUR 750m! – making it clear that there’s strong investor demand for Japanese green bonds. Underwriters were Bank of America Merrill Lynch, Morgan Stanley, Citi and Daiwa.