Caixa and BayernLB go green as euro market turns a corner

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Caixa and BayernLB go green as euro market turns a corner

Tyler Davies
February 04, 2021 03:45 PM
CaixaBank_PA_575x375_020221
The Caixabank logo is seen in one of the bank offices in Barcelona. CaixaBank and Bankia are negotiating their merger to create the largest bank in Spain, with 650,000 million euros in assets in the country and strengthen their position in the face of the aftermath of the coronavirus pandemic. (Photo by Juan Zamora / SOPA Images/Sipa USA) | SOPA Images/SIPA USA/PA Images

CaixaBank and BayernLB were able to sail through fair value with green non-preferred senior deals this week, bucking a trend for rising new issue premiums in 2021. Bankers say a lack of supply is finally helping borrowers to exert more power over their pricing.

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Topics

Green and Social BondsSpainUBSEMEASenior DebtGermanyNatixisEuropeRabobankABN AmroDZ BankUniCreditSRIFIGNatWest Markets
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