Bank acted sole lead manager on the European Investment Bank’s inaugural DKK 3bn Climate Awareness Bond - the largest green bond in DKK.

Danske Bank acted sole lead manager on The European Investment Bank (EIB)’s DKK 3bn Climate Awareness Bond with 12-year maturity.

First-ever green bond in DKK issued by an SSA

The transaction is EIB’s first DKK-denominated bond since 2009, and the first-ever green bond in DKK issued by an SSA (Sovereigns, Supranationals, and Agencies).

EIB is the largest supranational issuer of green bonds with over EUR 24.8bn raised across 12 currencies.

“We are very proud to take part of this important transaction with EIB that marks not only the first green SSA-issuance in DKK, but also the largest climate related issue in DKK to date,” says Bo Søndergaard, Head of SRI Bonds Marketing in Danske Bank.

“The transaction is testament to the rapidly increasing interest in green investments, and we’re very proud to be among the banks globally leading this growth and enabling the transition to a greener economy.”

“The strong response to this rare transaction proves the attention of long-term sustainable investment to the EU initiatives on sustainable finance, notably the relevance of the EU Sustainability Taxonomy that has just been published by the TEG,” says Eila Kreivi, Director and Head of Capital Markets at the EIB.

Proceeds will be used for activities that contribute to climate change mitigation

The proceeds will be allocated to EIB's lending to activities that contribute to climate change mitigation in line with evolving EU legislation. So far, EIB’s investments in the sectors of Renewable Energy and Energy Efficiency are eligible for Climate Awareness Bonds (CABs) allocation, which include electricity and heat production from renewable energy sources, and energy efficiency projects.

Read more in EIB’s 2018 CAB Framework here.

About European Investment Bank

The European Investment Bank is the lending arm of the European Union, the biggest multilateral financial institution in the world, and one of the largest providers of climate finance.

Between 2012 and 2018, the EIB Group invested EUR 150bn in climate action and environmental sustainability, supporting a total investment of EUR 550 bn. The EIB Group pioneered green bonds in 2007, a market that has grown to more than EUR 530 billion since then.