BNG prints longest ever sustainability bond

Green
By Burhan Khadbai
01 Oct 2020

Bank Nederlandse Gementeen kicked off a busy week for socially responsible bond issuance by public sector borrowers with a well-received 12 year sustainable bond, its longest ever deal in that format.

Leads Deutsche Bank, NatWest Markets, Rabobank and Société Générale opened the books on BNG’s October 2032 sustainability bond on Monday with guidance of mid-swaps plus 10bp area.

As the books reached over €1.4bn, the spread was set at plus 8bp. The deal size was ...

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