NWB Bank EUR1bn water – Bravo! / Swedish corps Uppsala Hem & Stångåstaden SEK500m ($59m) GBs / EIB EUR600m / Big60Million 3 certified solar retail / IREDA INR6bn ($90m) / SEB & green loans / Aligera gets review to join Stockholm Exc trading

A busy end-of-summer for the green bond market in Europe with issuance from development bank EIB, three Swedish corporate green bonds and a huge EUR1bn green bond for water from Dutch bank NWB. We are expecting this momentum to continue through September in the build up to the UN Climate Conference in Paris (UN COP21).

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

Wkly blog: 2nd Stockholms Lans Landsting green bond SEK1.8bn ($215m); convertible bonds from China’s United PV ($100m) + deals in the pipeline: ANZ Bank’s certified Climate Bond; 1st Brazilian green bond from BRF roadshow; 1st Mexican green bond ($125m)

This week we have a lot of exciting green bond gossip about a strong pipeline of really diverse issuance coming through.

Municipal bonds

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+)

Wkly blog: First San Fran green muni bond ($32.9m) 40% oversubscribed & attracts new investors! Largest ever SEK green bond from Swedish PPP Fortum, SEK 2.5bn ($300m); BoA issues 2nd green bond ($600m); Green bond reports from Regency Centers and Vornado

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.

Weekly blog: TfL’s £400m green transport bond big success / China's first on the way / first M&A green bond for Senvion / NIB back in market with SEK 1bn ($116m) 5yr / littlies from EBRD, World Bank, City of StPaul, Mytrah Energy / + gossip

Development Bank issuance

Nordic Investment Bank issues its third green bond (SEK 1bn ($116m), 5 yr, 0.155%, AAA)

Nordic Investment Bank (NIB) has issued a SEK 1bn ($116m) green bond, its third SEK denominated green bond issuance (they call them Nordic Environmental Bonds – NEBs). The bond has a 5 year tenor, coupon of 0.155% and was rated AAA by S&P. SEB and Credit Agricole-CIB were the joint bookrunners for the deal.