Today, Australia and New Zealand Bank (ANZ), Australia’s third largest bank, closed their A$600m ($464m) inaugural green bond deal – and the largest Certified Climate Bond to date. The 5-year bond has a semi-annual coupon of 3.25% and is rated Aa2e/AA-. ANZ was underwriter of the bond.
This week we have a lot of exciting green bond gossip about a strong pipeline of really diverse issuance coming through.
Second green issuance from Stockholms Lans with SEK 1.8bn ($215) green bond in two tranches (SEK1.5bn, 6yr, 1%, AA+ and SEK300m, 6yr, £MS+32BPS, AA+)
This week we’ve seen two sizeable corporate green bonds come to market: a US$600m bond from repeat issuer Bank of America and a first issuance of SEK2.5bn ($300m) from Swedish energy provider Fortum Varme. There has also been a smaller green municipal bond issuance ($32.9m) from San Francisco Public Utilities Commission.