SGP takes size with 50 year green as Munich brings city first

By Burhan Khadbai
11 Feb 2020

Société du Grand Paris impressed the SSA market on Tuesday with a series of superlatives. It sold its biggest ever bond with the longest ever maturity for a syndicated green bond in any asset class. The City of Munich hit another landmark with the first social bond from a European city.

After starting with initial price thoughts of low to mid 30s over the May 2066 OAT on Monday, leads Barclays, BNP Paribas, Crédit Agricole, JP Morgan and Société Générale opened the books on Tuesday morning with guidance of plus 33bp area and over ...

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