European banks raise lending in green bond market

London

BPCE this week became the latest bank to jump aboard the green bond bandwagon. Viewed by many as a marketing ploy, it is a market that is nonetheless set to grow as banks boost their lending in the sector.

The French lender comfortably covered a small 300 million euro (S$456.3 million) seven-year deal via sole lead Natixis, pricing around 10 basis points inside initial talk, at swaps plus 75 bps. Orders reached 1.2 billion euros.