Awareness of sustainability has risen sharply in recent years, not only among young people - partly due to the Fridays for Future movement. Companies are also becoming increasingly aware of their responsibility towards the environment. At NORD/LB we have been working on the implementation of green financial products for some years now. The Green Bond is the central product on the funding side. Dr Frederik Kunze and Philipp Bank report on the development of the Green Pfandbrief.
NORD/LB successfully launches first Green Pfandbrief
NORD/LB Norddeutsche Landesbank successfully issued its first Green Pfandbrief on 15 September 2021. The benchmark bond with a volume of 500 million euros has a term of 5 years and is expected to have a Moody's rating of Aa1. The Green Pfandbrief is secured by a cover pool of real estate loans. This link guides you to our press release
On 12 September 2022, NORD/LB issued another Green Pfandbrief with a benchmark volume of € 500 million. This link guides you to our press release
// Interview with Dr Frederik Kunze
"Green Pfandbriefe bring together security and sustainability aspects, which is highly appreciated by investors".
An interview with Dr Frederik Kunze, NORD/LB Markets Strategy & Floor Research, Part 1.
"The 'Green Pfandbriefe' brand meets concrete criteria".
An interview with Dr Frederik Kunze, NORD/LB Markets Strategy & Floor Research, Part 2.
// Interview with Philipp Bank
We talked to our colleague Philipp Bank from the Markets business segment about how the green bond has developed at NORD/LB and what the challenges will be in the future.
// Further information
Dr. Frederik Kunze
Floor Research | Covered Bonds