Vesteda’s green debut comes 5bp under curve as UK funds lead €3bn orderbook

Vesteda, the Dutch housing company, proved there was plenty of hunger for green bonds on Thursday, when its first issue of the kind, a €500m no-grow eight year, hoovered up orders to finish six times oversubscribed.

  • By Alex Radford
  • 16 May 2019

Vesteda, rated BBB+ (stable), will use the money to finance or refinance buildings with an EU Energy Performance Certificate of A, or to refurbish buildings to raise their EPC to at least C.

Its Green Finance Framework was reviewed by Sustainalytics and confirmed to be aligned with the ...

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All Corporate Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 77,552.24 398 5.62%
2 Citi 70,903.52 381 5.14%
3 Bank of America Merrill Lynch 69,774.78 377 5.05%
4 Barclays 61,172.01 270 4.43%
5 Goldman Sachs 52,911.73 260 3.83%

Bookrunners of Euro Denominated Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 Barclays 20,165.66 52 8.64%
2 BNP Paribas 16,075.93 92 6.89%
3 SG Corporate & Investment Banking 14,325.15 63 6.14%
4 Bank of America Merrill Lynch 14,105.99 45 6.05%
5 Deutsche Bank 13,139.03 67 5.63%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Deutsche Bank 2,970.40 18 7.27%
2 JPMorgan 2,822.43 22 6.91%
3 Citi 2,783.23 20 6.81%
4 BNP Paribas 2,674.33 25 6.55%
5 Goldman Sachs 2,523.29 20 6.18%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 17,093.24 135 10.01%
2 Citi 15,545.69 128 9.10%
3 Bank of America Merrill Lynch 12,836.81 106 7.52%
4 Goldman Sachs 12,621.18 95 7.39%
5 Morgan Stanley 9,748.90 76 5.71%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 15,614.90 90 5.82%
2 SG Corporate & Investment Banking 13,889.15 66 5.18%
3 Barclays 13,651.30 58 5.09%
4 JPMorgan 13,469.46 59 5.02%
5 Citi 13,203.46 60 4.92%