BNPP sweeps up $91m for novel structured product

The first green structured note linked to an equity index by a call option designed for retail investors closed last week with a total subscription amount of $91m, making it the largest public offer for a non-Euro denominated equity index linked bond in Belgium and Luxembourg in 2014. The green bond, a seven year structured note issued by the World Bank, was sold with a zero coupon plus a call option on a basket of stocks from ethical companies.