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GC Asia
European pair pays up with green debuts
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? Login
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