ABN AMRO has issued its second ‘Euro green bond’, a senior unsecured green bond that has beencertified by Oekom and Climate Bond Initiative.
The bond enables ABN AMRO to finance mortgages of recently built highly energy-efficient homes, loans for solar panels and/or energy improvement measures for existing homes and sustainable commercial property. New assets added to this second green bond include energy-efficient renovations and transformations to existing commercial property.
Validation based on sustainability
“We’ve noticed that institutional investors are very interested in investing in established green assets,” says Daniëlle Boerendans of ABN AMRO Funding & Capital Issuance. The ABN AMRO loans offered for investment have been validated externally by ‘Oekom research’ and the ‘Climate Bond Initiative’ (CBI) based on transparency and sustainability criteria.
The EUR 500 million bond has a maturity of 6 years and has been issued at midswaps + 52 basis points. Danielle Boerendans: “During our roadshows, investors were already giving us a lot of positive feedback. This was reflected in the order book, which was well oversubscribed.” ABN AMRO itself structured the green bond.