Spabol sets green template for resi covered bond mart
Norway's SpareBank 1 Boligkreditt this week issued the first covered bond secured solely on energy-efficient green residential homes. The transaction not only provides a solid template for other Norwegian borrowers, but may well lay the groundwork for covered bond and RMBS issuers throughout Europe.
Apart from being the first of its kind ever issued by a country in Europe, the transaction offers a definitive green funding solution to other potential green issuers, according to ING, which was appointed sole structurer for the €1bn seven year deal.“It’s possible to structure ...
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