Eastern Europe-focused ProCredit talks euro three-year green bonds at mid-swaps plus 145 bps

By Rebecca Melvin

New York, Oct. 17 – ProCredit Holding AG & Co. KGaA talked its euro-denominated sub-benchmark offering of three-year green bonds (expected rating: //BBB) at a yield spread of mid-swaps plus 145 basis points, according to a syndicate source.

The Regulation S deal is set to price on Wednesday.

Deutsche Bank and ING are joint bookrunners for the senior unsecured notes transaction.

Based in Germany, the development-oriented commercial banking group focuses on small and medium enterprises in Eastern Europe.

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