BBVA clears path for green AT1s in FIG first

By David Freitas
09 Jul 2020

BBVA has become the first bank to print a green additional tier one (AT1) deal. When it was issued this week, it proved that the demand for socially responsible investments (SRI) extends to the riskiest of asset classes, meaning other banks are certain to bring out their own versions of the trade, writes David Freitas.

With banks having established the green FIG bond market with senior deals, ANZ New Zealand and Italian insurer Generali were the first two financial institutions to print subordinated green debt, bringing tier two trades last year. But no bank  tested whether investors would follow them to the ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial