Berlin Hyp sets ‘high bar’ in FIG with first sustainability-linked bond

By Tyler Davies
09 Apr 2021

Berlin Hyp will become the first bank to issue a sustainability-linked bond (SLB), after it announced plans on Friday for a deal with a coupon that will step up if the issuer fails reduce the carbon intensity of its loan book by 40% over the next 10 years.

The German lender chose Commerzbank, Crédit Agricole, DZ Bank, HSBC and LBBW as its joint lead managers. Crédit Agricole is the sole structuring advisor for the innovative transaction. 

Berlin Hyp will host a series of investor calls, mainly on Monday, to explain the features of the bond, which ...

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