CEB nabs pricey SIB while Andalucia makes sustainability debut
The Council of Europe Development Bank hit the market for €500m on Thursday, with a pricey bond carrying a social inclusion bond label. On the same day, Andalucia sold its first ever sustainability bond.
Andalucia selected BBVA, CaixaBank, Crédit Agricole, HSBC and Santander to run the books for an April 2031 sustainability bond. The deal raised €1bn with a spread of 18bp to the Spanish government bond curve.Council of Europe raised €500m of April 2028 cash at mid-swaps minus 14bp. Crédit Agricole,