Green bonds gather momentum in Swissies

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By GlobalCapital
16 May 2019

Zuercher Kantonalbank added momentum in the Swiss franc market for sustainable bond issuance at the end of last week, when it launched its second green bond. The proceeds of this Sfr200m ($198m) trade are for refinancing existing and future facilities under its Umweltdarlehen (environmental loans) programme, which dates back to 1992.

Like an April 2018 outing, last week’s transaction was supported by a second-party opinion from ISS-Oekom, and by a green bond assessment from Moody’s of GB1 (excellent).

ZKB started soft-sounding investors on its new 10 year transaction with a minimum size of Sfr150m last Wednesday afternoon at a ...

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