By Marisa Wong
Los Angeles, June 6 – Germany priced €4 billion of additional 0% green bonds due Aug. 15, 2050 (expected: Aaa/AAA), according to a London Stock Exchange notice.
The offering is an increase to the €6 billion of existing 0% green bonds due 2050.
Commerzbank AG is the coordinator, with Barclays Bank Ireland plc, Credit Agricole CIB, HSBC Bank Continental Europe, Morgan Stanley Europe SE and Nomura Financial Products Europe as managers.
Pricing details were not disclosed in Monday’s announcement.
| Issuer: | Germany
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| Amount: | €4 billion
|
| Issue: | Green bonds add-on
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| Maturity: | Aug. 15, 2050
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| Coordinator: | Commerzbank AG
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| Managers: | Barclays Bank Ireland plc, Credit Agricole CIB, HSBC Bank Continental Europe, Morgan Stanley Europe SE and Nomura Financial Products Europe
|
| Coupon: | 0%
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| Announcement date: | June 6
|
| Expected ratings: | Moody’s: Aaa
|
| S&P: AAA
|
| Total issuance: | €10 billion
|
| ISIN: | DE0001030724
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