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GC Asia
BPER Banca debuts social framework
BPER Banca overcame its sub-investment grade rating on Thursday, attracting plenty of demand for an inaugural social bond that will fund Covid-19 related lending in southern Italy.
“As a sub-investment grade borrower, we knew it wouldn’t be easy to incorporate the social benefit in the trade,” said a banker involved with the deal. “ESG analysts tend to be quite conservative, and these sort of deals enjoy stronger demand when they’re investment grade.”
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Latest news from FIG
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Nykredit returns to tier two after six years away
19 Apr 2021 -
PBB and BSH expected to issue new covered bonds
19 Apr 2021 -
Coventry Building Society readies non-pref debut
19 Apr 2021 -
Cafill prices third social covered bond through curve
19 Apr 2021 -
ECB: TRIM will shave 70bp from bank capital ratios
19 Apr 2021
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