Deutsche Bank Launches 3 Sovereign Green Bonds
Deutsche Bank has launched green bonds for three sovereigns in the past two weeks, demonstrating the strength of the bank's Sovereign, Supranational and Agency (SSA) Debt and ESG Advisory platforms.
Henrik Johnsson, Deutsche Bank's Co-Head of Investment Banking EMEA, said: "The investment in to our ESG Advisory team is clearly bearing fruits with a significant uptick in mandates and a growing pipeline of deals, not only from SSAs, but across the spectrum of clients, including corporates and financials as well."
Panos Stergiou, Head of Institutional Clients Group FIC EMEA and Head of the SSA Coverage Group at Deutsche Bank, said: "The bank's coordinated approach has resulted in our market share for SSA debt issuance increasing by 150 basis points to 6.4 percent since last year. This is a significant achievement in what has been an intense and competitive market during the pandemic."
The market has seen the equivalent of 970 billion US dollars of issuance from SSAs this year, slightly up on last year's bumper year with 940 billion US dollars, fuelled by governments' needs to fund COVID rescue plans. Deutsche Bank is currently third in the SSA debt origination league table, up from seventh this time last year.
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