Berlin Hyp issued its fifth green bond yesterday to refinance loans for green energy efficient buildings. The newly issued green senior unsecured bond increases the bank’s outstanding green bond volume to €2.5 billion. It was the bank’s third green senior unsecured bond and its fifth green bond in a benchmark format. The ten-year bond with a volume of €500 million has a coupon of 1.50% and is rated A1 and A+ by Moody’s and Fitch.
Savings banks took the largest share of the bond (55 percent), while asset managers and insurance companies participated with 22 percent and 15 percent respectively. Nearly 90 percent of the bond went to domestic investors. Berlin Hyp uses the proceeds from the issue to refinance loans for green buildings.
