No NIP for Sparebanken Vest on green debut in covereds

By David Freitas
01 Jul 2020

Sparebanken Vest Boligkreditt did not need to offer any premium to investors to complete its debut sale of green covered bonds on Wednesday. The deal adds to a recent flurry of socially responsible investments, which are offering financial issuers very competitive terms.

Lead managers Credit Suisse, ING, LBBW, Natixis, SEB and Swedbank launched €500m of seven year green covered bonds at 11bp over mid-swaps, supported by €1bn of demand.

They had been able to tighten pricing from guidance of 12bp over plus or minus ...

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