Deutsche Bank partners with the European Investment Bank on its latest green bond

Deutsche Bank partners with the European Investment Bank on its latest green bond
04.02.2020 07:43 am

Deutsche Bank partners with the European Investment Bank on its latest green bond


Deutsche Bank has once again partnered with the European Investment Bank (EIB) as Sole Lead Manager to increase the EIB’s Australian dollar Climate Awareness Bond (CAB) by 150 million.

Deutsche Bank Australia also participated as a significant investor in the bond issue, demonstrating the bank’s own commitment to climate action investments.

EIB said: upsizing the latest CAB “confirms Asia-Pacific investors’ growing focus on climate change with 93 percent of allocations to Australian and Japanese investors.”

Funds raised from the 150 million Australian dollar issue will be directed to EIB’s climate action lending projects within the fields of renewable energy and energy efficiency (RE&EE).

Deutsche Bank Australia’s CEO, Anthony Miller, said: “Deutsche Bank is delighted to be assisting EIB with its commitment to climate action by acting as both a Sole Lead Manager and an investor in its latest Australian Dollar Climate Awareness Bond. As a leader in green bond issuance globally, we foresee an increasing demand from clients this year in green financing as they seek to play a role in addressing climate change. As an investor, EIB’s clearly defined climate action priorities align with our own Environmental, Social and Governance principles.”

In 2007, EIB issued the world’s first green bond, or CAB, also managed by Deutsche Bank. As at the end of 2019, EIB remained a leading issuer of green bonds with over 26.7 billion euros raised across 13 currencies.

Related News

Royal Bank of Scotland (RBS) Leverages Mphasis’ Testing Centre of Excellence to Support Business Alignment Objectives

Mphasis (BSE: 526299; NSE: MPHASIS), an Information Technology (IT) solutions provider specialising in ... Read more »

OpenPayd unveils crypto banking and payments proposition amid unprecedented sector growth

OpenPayd, the API-led Banking-as-a-Service provider, today unveils its banking and payments solution for... Read more »

CaixaBank to enable non-residents to open an account and apply for a mortgage online

CaixaBank, Spain’s leading retail bank headed by chairman Jordi Gual and chief executive officer Gonzalo Gortázar, has become the country’s first bank to... Read more »

Paymentology eyes the Middle East as competition to attract digital-ready customers grows

UK cloud-based payment processor, Paymentology announces the expansion of its Middle East operation to meet the projected growth of digital banking in the... Read more »

Yolt helps users save on bills through partnership with flexible motor insurance provider By Miles

Yolt, the smart thinking money app, has expanded its network of partners today, announcing a new in-app partnership with pay... Read more »

Allica Bank launches 95-day notice account for personal savers

Allica Bank – the business bank that seeks to empower small and medium sized businesses – has today announced the launch of a 95-day notice account for personal savers. It will... Read more »

Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel