NBG gives Greece its first green bank bond

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By Tyler Davies
01 Oct 2020

National Bank of Greece (NBG) has become the lowest rated bank to issue green debt, after winning two times as much demand as it needed for a €500m senior bond on Thursday. The trade formed part of a flurry of green issuance in the FIG market, alongside new deals from Banque Fédérative du Crédit Mutuel and Mizuho Financial Group.

NBG spoke with investors on Wednesday about its plans to launch a six year non-call five senior bond — its first in green format. 

Bookrunners BNP Paribas, Commerzbank, Goldman Sachs, HSBC and Morgan Stanley opened order books the following day. 

They decided to run the pricing process ...

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