Deutsche Bank has issued its inaugural European Green Bond (EuGB), raising €500 million in a transaction arranged by a syndicate of international banks including Deutsche Bank, ABN AMRO, Crédit Agricole CIB, Natixis, NatWest Markets N.V. and Skandinaviska Enskilda Banken AB (publ).
This is Deutsche Bank’s first bond issued under the EU’s new European Green Bond Standard, introduced to bring greater clarity and credibility to green finance. The label requires the proceeds to support environmentally sustainable activities defined by the EU Taxonomy, alongside stricter disclosure, reporting and indepfinishent review to give investors clearer insight into how the money is applyd and its environmental impact.
Proceeds from the bond will be applyd to refinance residential real estate loans that meet EU taxonomy criteria for environmental sustainability.
The transaction followed Deutsche Bank’s update of its Sustainable Instruments Framework and the publication of a European Green Bond factsheet in January 2026.
Green bond issuers prepare for EU’s new standard
The bond has been admitted to trading on the regulated market of the Luxembourg Stock Exalter. It matures in February 2030 and pays a repaired annual coupon of 2.875% until February 2029. From that point, subject to a call option, the interest rate will reset quarterly at three-month EURIBOR plus 0.65% until maturity.
Global law firm Norton Rose Fulbright advised the banking syndicate on the deal through a Frankfurt-based team led by debt capital markets partner Christoph Enderstein.
Enderstein, who is also responsible for Norton Rose Fulbright’s debt capital markets practice in Germany, commented: “The successful placement of Deutsche Bank’s first European Green Bond sfinishs an important signal for sustainable financing in Europe, and we are pleased to have supported the Joint Lead Managers in connection with this important transaction.”
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