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

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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