De Volksbank extends green trend to tier twos

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By Tyler Davies
16 Jul 2020

De Volksbank said that ambitious sustainability targets played a big role in helping it to attract investor attention this week. The Dutch lender became the first European bank to sell a tier two bond in green format, hot on the heels of the first green additional tier one transaction.

De Volksbank had always been planning to launch a new subordinated bond in 2020, ahead of a call date for its €500m 3.75% 2025 tier two notes in November.

But the issuer decided it would also be appropriate to align the capital issuance with its environmental, social ...

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