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Sustainable finance
The fund will focus on making debt investments that provide environmental or social benefits.
A loan deal between ING and Gecina is the first to be indexed on its GRESB rating.
The senior 10-year notes carry a 1.5% coupon.
US insurer MetLife backs the firm’s drive for sustainability as sole investor in the privately placed issue.
Ivanhoé Cambridge and Natixis Assurances obtain Europe’s first Climate Bond Certified label for a €480m debt facility to fund the development of the DUO towers.
Lloyds Bank Commercial Banking has provided a £50 million (€56.7 million) financing through its Green Lending Initiative to a UK science parks joint venture.
Lloyds Bank has signed the first development finance deal under its green lending initiative, providing a £39.9 million (€45.3 million) loan to BlackRock Real Estate.
Lloyds Bank has chosen the UK pub industry for the latest loan to be issued through its Green Lending Initiative, which grants reduced pricing for loans to assets that hit agreed sustainability criteria.
German bank Deutsche Hypo has placed its first ‘green’ Pfandbrief, raising €500 million through the issue of a six-year bond with a coupon of 0.125 percent.
Berlin Hyp has issued its second unsecured ‘green’ Pfandbrief, representing the German bank’s fourth green bond issue since 2015, with a total volume of €2 billion.