Wkly blog: First green bond from Chinese issuer Goldwind ($300m, 3yr) + more green bonds from Gothenburg SEK1bn ($126.6m), KfW £500m ($780m) & Terraform ($300m) + exciting unlabelled climate project bond: Peruvian Metro Line ($1.15bn, 19.1yrs)

Corporate green bonds

Second green bond from TerraForm to finance wind power acquisition, $300m 10yr, 6.125% s/a coupon, BB-/B1

First labelled green bond from Chinese issuer issued in US$ almost 5x oversubscribed!

The first labelled green bond from a Chinese issuer (denominated in US$ and issued in Hong Kong) just closed, and all we can say is WOW! The wind energy firm Xinjiang Goldwind Science & Technology issued a $300 million green bond (3yr tenor) and received orders of $1.4 billion! Talk about proof of investor demand. 

Wkly blog: Digital Realty $500m GB for low carbon bldgs; SwedishExportCredit $500m inaugural GB; more OPIC GreenGuaranties; Latvenergo’s GB green credentials; EuroFIMA climate-aligned bonds; market dvlpts & gossip

It’s been a big couple of weeks with close to $2.5bn of green bonds issued. Digital Realty Trust came to market with a $500m green bond for low-carbon buildings, and Swedish Export Credit Agency became the first European export credit agency to join the green bond market with a $500m inaugural issuance.

Wkly blog: MS $500m inaugural GB ups ante with a rare US 2nd opinion, but v odd approach to pool; Brazil BRF’s €GB has great potential, but …; Latvia utility upsizes first GB; Terraform $150m GB tap

Corporate green bonds

Morgan Stanley inaugural green bond term ($500m, s/a 2.2%, 3 year, A-), introduces second opinions to the US bank bond market (excellent) but then does an odd thing with their pool: they will not maintain full value of a  pool of green assets for the full bond

TenneT does yr’s largest GB: EUR1bn 2x oversubs / EUR150m retail GB from Belgian co. Shanks / Nelja Energia EUR50m 1st ever East EU GB / ABN Amro & ANZ Bank get Certified / on way: Latvia, LA Green City / Moody’s to get involved

This week Dutch transmission grid corporate TenneT broke this year’s record for largest green bond issuance with an impressive EUR1bn deal.