LBBW uses UN label for ‘plausible’ description of green order book

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By Tyler Davies
27 Jan 2020

LBBW has revealed that most investors in its latest green bond were signatories to the UN Principles for Responsible Investment. The novel disclosure offers a ‘more reliable’ way of describing green participation in new bond issues, according to the bank.

LBBW published the final order book statistics for its £500m 1.5% green non-preferred senior bond on Friday, two days after completing the sale.

The German bank said it had allocated more than 70% of its deal to investors whose institutions had signed up to the ...

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