Santander

Workspace Group, the UK office space company, sold its debut bond on Thursday, raising £300m using a green structure, as sustainability bankers say that ESG-linked debuts on the bond market are going to become more common.

Daimler, the German car maker, sold green debt on Thursday. Though the company printed inside its conventional curve, it did not match the sort of negative concessions it achieved in its debut green outing.

Workspace Group, the UK office space company, sold its debut bond on Thursday, raising £300m using a green structure, as sustainability bankers say that ESG-linked debuts on the bond market are going to become more commonplace.

Commerzbank and Crédit Mutuel Arkéa shared the spoils in the senior market on Thursday, with the pair tapping opposing ends of the curve and vastly different pools of investors.

Enel, the Italian power and gas company, proved that demand still exists in euros for chunky hybrid debt with a €2.2bn dual tranche deal on Wednesday that saw more than three times oversubscription at peak demand and offered no new issue concession.

Coca-Cola, the US beverage company, kicked the issuance week off in the European corporate market, with the borrower landing flat to fair value on two out of three tranches.

Workspace Group, the UK office space company, is marketing a green sterling bond as its debut in the public fixed income market, marking the second time a UK company has made this “very rare” choice in less than a year.

Soltec, a Spanish solar tracker company, has refinanced its main syndicated bank loan, almost doubling the size of its bank facilities four months after the company publicly listed.

EasyJet, the UK budget airline, avoided any turbulence on its return to the bond market on Wednesday, managing to land a €1.2bn deal with no new issue premium that was almost five times oversubscribed.

Financial institutions have ramped up their sales of green debt at the start of 2021, as they look to take advantage of a quiet funding year by building out their environment, social and governance frameworks. This week, nearly all FIG euro issuance arrived in ESG formats.

Easyjet, the UK budget airline, avoided any turbulence on its return to the bond market on Wednesday, managing to land a €1.2bn deal with no new issue premium that was almost five times oversubscribed.

Environment, social and governance (ESG) themed debt has dominated the senior market this week, with the format helping to secure more execution certainty in a softer trading environment.