Yorkshire Water’s green debut pays off with ultra-tight spread

Hungry for some social purpose, and perhaps a longer maturity, investors hoovered up Yorkshire Water’s first sustainable bond on Thursday. This allowed the UK utility to tighten the pricing to fair value or even tighter.

  • By Alex Radford
  • 11 Apr 2019

The shortage of UK green bonds is often lamented, so the deal looked like having a good chance of success, and so it proved. 

The bookrunners, BNP Paribas, NatWest Markets and Santander, touted the bond as the longest ever sustainable bond in sterling. The 22 year senior secured ...

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Global Green Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 3,144.90 28 5.91%
2 BNP Paribas 3,033.18 16 5.70%
3 Citi 2,954.69 13 5.55%
4 Bank of America Merrill Lynch 2,745.20 18 5.15%
5 Credit Agricole CIB 2,286.31 18 4.29%