By Rebecca Melvin
New York, Sept. 16 – Commerzbank AG priced €500 million 0.75% green senior notes due 2026 (Ba2/BBB-/BBB) at 99.513 for a 0.861% yield or spread over mid-swaps of 130 basis points on Wednesday, according to a market source.
The notes are non-callable for 4.5 years until March 24, 2025.
Bookrunners were Commerzbank, Danske Bank, ING, Natixis and Santander.
The proceeds will be used for eligible green projects as outlined in Commerzbank’s green framework dated September 2018.
The bonds will be listed on the Frankfurt Stock Exchange.
Commerzbank is a banking and financial services company based in Frankfurt.
| Issuer: | Commerzbank AG
|
| Amount: | €500 million
|
| Description: | Green senior notes
|
| Maturity: | March 24, 2026
|
| Bookrunners: | Commerzbank, Danske Bank, ING, Natixis and Santander
|
| Coupon: | 0.75%
|
| Price: | 99.513
|
| Yield: | 0.861%
|
| Spread: | Mid-swaps plus 130 bps
|
| Call feature: | March 24, 2025
|
| Trade date: | Sept. 16
|
| Settlement: | Sept. 23
|
| Ratings: Moody’s: | Ba2
|
| S&P: BBB-
|
| Fitch: BBB
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
