KommuneKredit issues green bonds

Resounding success of the inaugural green bond transaction by SFIL Group

SFIL Group has successfully launched its first green bond under covered bond format issued by CAFFIL. The transaction has a maturity of 10 years for an amount of EUR 750 m. This is the first green bond transaction exclusively dedicated to the financing of green investments by French local authorities. It is also the first ever green public sector covered bond issued at European level.

BDB welcomes in Sofia representatives of 26 European financial institutions

Increasing the role of the financial instruments during the new program period 2021-2027 and the business development of the European Investment Fund are among the leading topics of the meeting of EIF’s financial institutions shareholder’s group, which takes place on 24th and 25th October in Sofia hosted by Bulgarian Development Bank.

EIF and JOBS MFI, part of the BDB Group, join forces to support the Bulgarian small and medium-sized business

Micro financing institution JOBS, part of the BDB Group, signed its first guarantee agreement with the European Investment Fund (EIF) for support of the small and medium-sized business in Bulgaria. under the European Commission’s Program for Employment and Social Innovation (“EaSI”). The purpose of the program is to support non-banking financial institutions dedicated to sector of smaller entrepreneurs in Bulgaria. The aim is to improve their access to financial services and to support the job creation and local economic development.

EUR 1 billion 10-year REGS Benchmark

On Thursday 17^th October 2019, Kommunalbanken Norway (KBN) rated Aaa (Moody’s) / AAA (S&P), launched and priced a new 10 year Euro benchmark with a reoffer spread of MS+7bps, which equated to 48.6bps over the DBR 0% August 2029 reference bund. The transaction priced with a 0.05% annual coupon, a re-offer price of 99.562% and 0.094% re-offer yield.