De Volksbank set to bag savings with green tier two

By Tyler Davies
15 Jul 2020

Market participants said that de Volksbank was close to sailing through fair value with the pricing on its new tier two on Wednesday, the first such deal in green format from a European bank.

The Dutch lender set out with initial price thoughts in the 240bp area over mid-swaps for the €500m 10.25 year non-call 5.25 transaction in euros.

ABN Amro, Bank of America, JP Morgan, Nomura and UBS were the joint bookrunners.

When they had drawn together more than ...

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