Hanover becomes first city to issue green Schuldschein

Hanover has become the first city to issue a green Schuldschein. The hope is that this transaction will be the first of many.

  • By Silas Brown
  • 27 Apr 2018

Lead arrangers Deutsche Bank and NordLB sold May 2048, fixed rate, amortising Schuldschein notes for €100m.

The initial price offered to investors was 23bp over mid-swaps.

“We were not sure how this would develop,” said a banker familiar with the deal. “The issuer is not unknown in the market, ...

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Rank Lead Manager Amount $m No of issues Share %
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1 Bank of America Merrill Lynch 647.21 4 7.79%
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4 Barclays 458.32 2 5.51%
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