La Banque Postale arrives through fair value on green debut

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By David Freitas
15 Apr 2019

La Banque Postale saved around 2bp on pricing by going green on its latest inaugural 10 year senior non-preferred paper, reaffirming the discrepancy between supply and demand in the euro green bond market.

The 10 year transaction was run by BBVA, Crédit Agricole, ING, Natixis and Société Générale, who went out with initial price thoughts in the 100bp area over mid-swaps.

But the deal was closed 15bp tighter at a spread of 85bp over mid-swaps, with ...

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