Page 6 - Berlin Hyp News Today : Breaking News, Live Updates & Top Stories | Vimarsana

By Bill Thornhill 10 May 2021 Commonwealth Bank of Australia’s New Zealand subsidiary, ASB Finance, has mandated leads for the first Kiwi covered bond since January 2019. At the same time, Berlin Hyp has appointed lead managers for a 12 year mortgage Pfandbrief. ASB Finance Limited mandated Barclays, BNP Paribas, CBA and HSBC, to arrange an investor credit update on Monday and expects to issue a 10 year euro benchmark that will be rated Aaa/—/AAA. The last benchmark deal from an issuer based in New Zealand was in January 2019 ... Already a subscriber? Logi...

By Jon Hay 15 Apr 2021 Progress in sustainability-linked finance for banks has flipped from glacial to dizzying with Berlin Hyp’s €500m sustainability-linked bond this week. Up to now, there had been no visible advance. Bankers scratched their heads over how to fashion suitable criteria that banks could link SLBs to, which would be material, relevant and ambitious, as demanded by the Sustainability-Linked Bond Principles. Berlin Hyp found an answer. It will reduce the carbon intensity of all its lending by 40% in 10 years. This is not just an answer, but the right answer. For years, clima...

By Tyler Davies 15 Apr 2021 Banks are optimistic that sustainability-linked bonds have a bright future as part of their funding toolkits, after Berlin Hyp became the first financial institution to land a deal in the format this week. More trades are already on the way and market participants are stepping up their efforts to break down the remaining barriers for FIG borrowers. Berlin Hyp burst on to the SLB scene on Tuesday, when it issued a €500m 10 year preferred senior bond at 35bp over mid-swaps. It had taken roughly nine months to bring the deal to life, as the German bank laboured

Headline: SAP’s Strategic Partnership for Financial Services Industries: Customer and Partner Quotes WALLDORF — SAP SE (NYSE: SAP) today announced the formation of a strategic partnership for Financial Services Industries. With this partnership, SAP will significantly increase its support for the financial-service industry’s (FSI) digital transformation and leverage its solutions in the FSI space. Read what customers and early-adopter partners have to say. Customer: Berlin Hyp “For Berlin Hyp, SAP is a trusted and strategic partner and one of the key elements of our future...

By Tyler Davies 12.30 PM Berlin Hyp will become the first bank to issue a sustainability-linked bond (SLB), after it announced plans on Friday for a deal with a coupon that will step up if the issuer fails reduce the carbon intensity of its loan book by 40% over the next 10 years. The German lender chose Commerzbank, Crédit Agricole, DZ Bank, HSBC and LBBW as its joint lead managers. Crédit Agricole is the sole structuring advisor for the innovative transaction. Berlin Hyp will host a series of investor calls, mainly on Monday, to explain the features of the bond, which