Successful premiere: Our first green senior non-preferred bond, with a volume of € 500 million, met with great interest from international and national investors. With an order book of over EUR 1.7 billion, it was several times oversubscribed. The benchmark bond has a term of two years and a coupon of 5.875%. The order books were closed with a final spread of 255 basis points over mid-swap. The transaction was conducted by BNP Paribas, Citi, Commerzbank, Deutsche Bank and UBS.
The bond issued was also Aareal Bank’s first green senior non-preferred bond. All green bonds are based on our uniform framework – our “Aareal Green Finance Framework Liabilities,” which defines the standards that we apply to green capital market products. The framework received a second party opinion from Sustainalytics and was classified as “credible and impactful”. Our internal Green Finance Committee manages and monitors the green asset pool used for backing our green emissions. This pool has now grown to over EUR 5.8 billion. This already equates to almost 20% of our total commercial property financing portfolio.
Your contact persons:
Christopher Linnert
+49 611 348 3889
Christopher.Linnert(at)aareal-bank.com
Daniel Höfelmann
+49 611 348 2678
Daniel.Hoefelmann(at)Aareal-Bank.com
