Caixa goes green as demand sprouts in euros
CaixaBank found €3.7bn of demand for a green senior bond on Tuesday, as investors revealed their hunger for new paper. BayernLB could follow with a green deal of its own against the improving backdrop in euros.
CaixaBank picked ABN Amro, Goldman Sachs, Natixis, UBS and its own syndicate desk as the bookrunners for its eight year non-call seven transaction.
The note was structured as a non-preferred senior bond in green format, with proceeds earmarked for funding renewable energy assets and green building loans....