European pair pays up with green debuts

Green index_adobe_575x375
By Frank Jackman
03 Mar 2021

Münchener Hypothekenbank (MunHyp) and the Bank of Ireland sold their first euro green bonds on Wednesday, offering up 2bp-3bp of new issue premium to do so.

“It made sense to leave a few points of new issue premia on the table given the heightened volatility in rates right now,” said a banker on the MunHyp deal.

Since mid-February, the iTraxx senior financials index has fluctuated between 56bp and 63bp, opening at 58bp on Wednesday ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial