De Volksbank mops up demand on green senior debut

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By David Freitas
09 Sep 2019

De Volksbank was three times subscribed for its debut green bond this week, despite not offering much in the way of yield or new issue premium to its investors.

The Dutch bank attracted about €1.7bn of orders for its five year green senior preferred bond on Monday, after setting the final spread at 50bp over mid-swaps.

Lead managers ABN AmroHSBCINGand SEBhad circulated initial price thoughts in the 70bp area, with the size of the trade set ...

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