Stories in "Sustainable Finance"
World Bank enters Hong Kond dollar bond market
The World Bank (International Bank for Reconstruction and Development) is marketing a Hong Kong-dollar denominated five-year sustainable development bond at Hibor mid-swaps plus 8bp area.
Guangdong sets IPG for three tranches of Rmb bonds
The People's Government of Guangdong Province of the People's Republic of China has opened books for three tranches of offshore renminbi bonds, with a two-year at 2.05% area, a three-year at 2.15% area and a five-year at 2.25% area.
Hokkaido Electric Power mandates for US$ 5yr green bond
Hokkaido Electric Power (Hepco) has mandated banks to lead a debut US dollar five-year green bond as early as this week.
City of Malmo mandates SEK 5yr social FRN / FXD
CITY OF MALMÖ, rated AAA (stable) by S&P, has mandated SEB as Lead Manager to explore the possibility of issuing a new 5 Year SEK FRN and/or FXD Senior Unsecured Social transaction. The transaction is expected to be launched in the near future, subject to market conditions.
Triodos Bank no-grow €300m 5NC4 green SP - adds comps
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Triodos Bank planning no-grow €300m 5NC4 green SP
Triodos Bank NV (Ticker: TRIOD), rated BBB by Fitch (negative outlook), has mandated BNP PARIBAS as Sole Global Coordinator and ABN AMRO, BNP PARIBAS, LBBW and Rabobank, as Joint Lead Managers to arrange a series of fixed income investor meetings on Monday 25 and Tuesday 26 August 2025 for a new EUR 300m (will not grow) 5nc4 Green RegS Senior Preferred. The Notes will be issued under the Triodos Bank NV EUR 2.5bn Debt Issuance Programme, dated 20 June 2025 and will be listed on Euronext Amsterdam (regulated market). The Notes are expected to be rated BBB by Fitch.
SNCF SA mandates no-grow €500m 7yr green
SNCF SA, rated A1/A+/AA- (Moody's/ S&P/ Fitch), has mandated BofA Securities, Crédit Agricole CIB, CIC, Goldman Sachs Bank Europe SE and ING as Joint Lead Managers for its new Green Bond EUR 500m WNG, with an expected maturity of 7 years. SNCF SA is the 100% French State-owned holding and sole issuer of the SNCF Group. The transaction is expected to be launched and priced in the near future, subject to market conditions. The proceeds of the transaction will finance Green eligible investments in line with SNCF SA's Green Securities Framework. Off the Issuer's EMTN programme. FCA/ICMA stabilisation applies. (10:25am)
Arva planning NOK 5yr green FRN
Arva AS, rated BBB+/Stable by Scope Ratings, has mandated DNB Carnegie and SEB as Joint Lead Managers to arrange a digital fixed income investor presentation 25 August. A NOK-denominated senior unsecured green bond issue with a floating rate and tenor of 5 years may follow, subject to market conditions.
NP3 planning exp SEK400m 3.25yr green & tender offer
NP3 Fastigheter AB (publ) (the "Issuer" or "NP3") has mandated Swedbank AB (publ) ("Swedbank") and Danske Bank A/S, Danmark, Sverige Filial ("Danske Bank") as joint bookrunners to arrange investor meetings from and including 25 August 2025 to investigate the possibility to issue new green SEK senior unsecured notes with an expected volume of approximately SEK 400,000,000 and an expected tenor of 3.25 years under the Issuer's existing MTN programme (the "New Green Notes"). Subject to, inter alia, prevailing market conditions, a capital market transaction may follow.
LM - NP3 SEK 2026 green FRN tender offer
NP3 Fastigheter AB (publ), Reg. No. 556749-1963 (the “Issuer”) today announces its invitation to the holders (including any beneficial owners who hold their Notes via nominees or custodians) (the “Noteholders”) of its outstanding notes outlined below (together, the “Notes”) to tender their Notes for purchase by the Issuer (however, subject to the Transaction Cap (as defined below)) for cash (the “Tender Offer”) subject to the satisfaction of the New Financing Conditions (as defined below) being met. The Issuer has appointed each of Danske Bank A/S, Danmark, Sverige Filial (“Danske Bank”) and Swedbank AB (publ) (“Swedbank”) to act as dealer managers (the “Dealer Managers” and each a “Dealer Manager”) in connection with the Tender Offer.
SAB US$ 10NC5 green Tier 2 - adds detail
Saudi Awwal Bank (“SAB”), rated A1 by Moody’s (Stable) and A- by Fitch (Stable), has mandated Goldman Sachs International and HSBC Bank plc as Joint Global Coordinators, and Abu Dhabi Commercial Bank PJSC, Citigroup Global Markets Limited, DBS Bank Ltd., Emirates NBD Capital Limited, Goldman Sachs International, HSBC Bank plc, Mashreq, Mizuho International plc, and Societe Generale as Joint Lead Managers and Bookrunners, to arrange a series of fixed income investor calls commencing on Monday 25th August 2025. HSBC Bank plc is acting as Sole Green Structuring Bank.
Alinma Bank planning no-grow $500m PNC5.5 AT1 sustainable sukuk
Alinma Bank ("Alinma"), rated A2 (Stable) by Moody's / A- (Stable) by S&P / A- (Stable) by Fitch, a leading Islamic financial institution in the Kingdom of Saudi Arabia, has mandated Abu Dhabi Islamic Bank, Alinma Capital Company, Dubai Islamic Bank, Emirates NBD Capital, Goldman Sachs International, J.P. Morgan and Standard Chartered Bank as Joint Bookrunners and Joint Lead Managers to arrange a Global Investor Call and a series of fixed income investor calls commencing on Monday 25 August 2025. A USD-denominated US$ 500 million (will not grow) unrated Reg-S perpetual non-call 5.5-year Fixed Rate Resettable Additional Tier 1 Capital Sustainable Sukuk offering (the "Certificates") will follow, subject to market conditions. FCA/ICMA stabilisation applies.
Guangdong mandates blue, green Dim Sum
The People's Government of Guangdong Province of the People's Republic of China has mandated banks for a Dim Sum bond offering comprising a two-year blue tranche, three-year senior tranche and a five-year green tranche.
Ireland sees central bank showdown over Israel bonds
People & Markets 'Israel Bonds' retail programme's sales have doubled since 2022Public capital expands zero-deforestation soy fund
Sustainable Investment Management has attracted heavyweight new funding for its Responsible Commodities Facility, which makes low-interest loans to Brazilian farmers growing deforestation-free soy.
Moves – JPM adds Sharifzoda in frontier role
JP Morgan has appointed a former International Monetary Fund and World Bank analyst, Khamza Sharifzoda, as frontier markets economist. He will be responsible for macroeconomic coverage of several countries across central Asia, the south Caucasus and the western Balkans, including Georgia, Kazakhstan and Serbia.
US tightens tax credit rules for wind and solar projects
The US Treasury has imposed stricter rules on wind and solar projects claiming tax credits, further curtailing clean energy development and financing.
Stats out for Zug Estates Holding CHF100m 7yr green
* Stats: 45acs. NIC -15bp. Asset Managers 50%, Banks & Private Banks 41.5%, Pension Funds 6%, Treasury Accounts 1.5%, Insurance 1%. (12:59pm)
