Danske finds benefits in going green despite money laundering scandal
Danske Bank attracted impressive levels of demand for its debut green bond on Tuesday and managed to price the deal flat to fair value. Market participants said that green-specific accounts will have helped the transaction gain momentum, even if funds with environmental, social and governance (ESG) mandates are still smarting over the bank’s alleged involvement in a high profile money laundering scandal.
Danske Bank opened books on a €500m five year non-preferred senior deal through ABN Amro, BNP Paribas, Crédit Agricole, Danske Bank and ING on Tuesday, having been on a roadshow to market its debut green bond to investors over the past week.The lead managers ...
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