EIB hits Swedish SRI demand with krona Climate Awareness Bond
European Investment Bank on Wednesday sold a Climate Awareness Bond in Swedish krona, privately placing a seven year floating rate note. Climate awareness bonds are becoming popular with Swedish buyers, who have been providing an increasing share of the investor base of such issues.
Handelsbanken placed the Skr750m ($113.8m) July 2020 floater paying 43bp over quarterly Stibor, at par. Pricing amounted to a very small premium over the EIB’s Swedish krona secondaries, said a banker at the lead.
“To begin with these bonds were being driven by international investors, but we’re seeing more
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