ESB taps its green debt as coronavirus vaccine hopes buoy market sentiment

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By Mike Turner
15 Jul 2020

Electricity Supply Board, the Irish utility, tapped its June 2030s on Wednesday, with the borrower one of a handful of credits taking advantage of sharply positive sentiment on the back of a potential coronavirus vaccine breakthrough.

ESB, rated A3/A-, opened books on a €200m no-grow tap of its €500m 1.125% June 20 green notes at 90bp-95bp over mid-swaps. When the original bonds were printed in June 2019, they were the first corporate public green bonds from an Irish borrower.

BBVA, Danske Bank, JP Morgan and ...

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