Banks exploit heavy demand for green assets with new senior deals

By David Freitas
18 Jun 2020

Green bonds made up the majority of the supply in the euro bank bond market on Thursday, with Hypo Noe and Santander capitalising on strong demand for the asset class.

Bookrunners ABN AmroBarclaysNomuraSantander and UniCreditstartedthe pricing in the 170bp area over mid-swaps for a seven year non-preferred senior deal from Santander.

Demand quickly reached over €2bn and, when it had hit €3bn, the lead managers set guidance at 140bp/145bp and fixed the size of the deal ...

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