NordLB's first renewable energy covered

Gwynt-y-Mor wind farm 230x150
By Bill Thornhill
17 Oct 2019

NordLB Luxembourg Covered Bond Bank has mandated joint leads for a roadshow to market the first renewable energy covered bond to be issued under the country’s new lettres de gage énergies renouvelables legal framework. A trade is expected to follow soon.

NordLB Luxembourg mandated joint leads ABN AMRO, Commerzbank, Crédit Agricole and NordLB for a European roadshow, starting October 23, to present the issuer’s newly established Green Bond Framework and the transaction: a €300m renewable energy covered bond, to be rated Aa3, with an intermediate ...

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