BAIC Motors Corporation issues the first RMB 2.5bn green bond from a State-Owned Enterprise (SOE) in China ($387.5m, 3.45%, 7yrs, AAA)
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.
Corporate Green Bonds
Hyundai Capital Services issues first Korean corporate green bond for hybrids and electric vehicles (5yrs, 2.87%, $500m)
Corporate green bonds
Apple Issues largest certified US corporate Green Bond ($1.5bn, 7 yrs, 2.85% S/A, Aa1e)
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.