De Volksbank first bank in Europe to successfully issue subordinated Tier 2 green bonds
On 15 July 2020, de Volksbank N.V. succesfully issued € 500 million of subordinated Tier 2 green bonds, the first bank in Europe to do so. The notes have a term of 10.25 years and a coupon of 1.75%. Investors subscribed for an amount of more than € 1.75 billion. There was a very strong participation from ESG investors who got allocated 73% of the transaction.