pbb Deutsche Pfandbriefbank successfully placed its first Green Bond as Senior Preferred Benchmark with a volume of €500 million on the capital markets.
The Bond has a coupon of 0.10 percent and a maturity of 5 years. The issue was very well received by the steadily growing number of sustainability investors, the order book amounted to €1.3 billion from around 150 investors. With a share slightly above 50 percent, the bond was also very well accepted by international investors.
pbb´s Green Bond Framework, on which the issue is based, follows the ICMA Green Bond Principles and focuses primarily on properties with low energy consumption. Properties are selected by a Green Bond Committee the members of which decide whether to include the loans in the reference portfolio, inclusion requires a unanimous decision.
By issuing Green Bonds, pbb enables investors to focus on investments in sustainable capital market products. At the same time, pbb expands its investor base with a wider product range.
Barclays, DekaBank, DZ BANK and UBS, as well as Crédit Agricole, accompanied the issue.