Commerzbank enjoyed a smooth execution for its first green bond on Tuesday, having found a clear window to issue amid recently volatile market conditions.
The German bank opened books on the new five year non-preferred senior deal with initial price thoughts of 105bp-110bp over mid-swaps.
Bookrunners ABN Amro, BBVA, Commerzbank
, Crédit Agricole
and ING published regular update on the size of the order book, which had topped €700m by 9.45am