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

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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