ING issues largest green deal from a European bank

ING Group is making a green bond issuance totalling €2.6bn, the largest green bond deal yet from a European bank and the largest transaction certified under the Climate Bonds Standard.

The € 1.5bn (12-year) and $1.25bn (long 7-year) tranches issued by ING’s Holdco were oversubscribed, with final books growing to just under € 4bn and $3bn respectively.

The green bonds are certified under the Wind, Solar, Marine Renewables (offshore wind), and Low Carbon Buildings (Residential and Commercial) Criteria of the Climate Bonds Standard.

Hans Biemans, head of Sustainable Market, ING: “ING recognises that climate change is an unparalleled challenge for our world and ING’s ambition is to become the industry leader in sustainable finance while contributing to a low-carbon and self-reliant society. Issuing green bonds is part of our corporate response to meeting the goals of the Paris Agreement, supporting the strong growth of our sustainable finance portfolio and demonstrating our commitment to sustainability and sustainable finance. Climate Bonds Certification signals to the market and both institutional and retail investors that we support best practice and robust standards in green finance.”

    Share Story:

Recent Stories