Spuerkeess on 13 March 2025 announced that it had successfully issued its €500m “6NC5 Senior Preferred Green Bond” on 12 March, marking a “significant milestone” in the bank’s capital markets strategy. The bond, issued under Spuerkeess’ newly launched Green Bond Framework, will be listed on the Luxembourg Stock Exchange (LuxSE) and displayed on the Luxembourg Green Exchange (LGX), a press release explained.

The bank’s  will allow Spuerkeess to issue debt securities, “with investors’ funds specifically earmarked for financing energy-efficient buildings,” said a communiqué. Proceeds raised through these green bonds will be exclusively directed to financing projects in Luxembourg that meet “specific criteria” in terms of energy efficiency.

“This inaugural benchmark green bond issuance marks a pivotal step in our funding and sustainability strategy,” commented Spuerkeess’ chief financial officer . “The strong investor interest not only highlights their confidence in our credit profile, business strategy and long-term financial resilience, but also reflects the growing appetite for credible and impactful green investments. The successful completion of this transaction establishes a solid foundation for future capital markets activity.”

The issuance received strong interest from investors (around 125 orders), said the bank, with the final order book closing over €1.8bn. That represents an oversubscription of 3.6 times the issuance size (€500m). Deutsche Bank was the global coordinator of the transaction and joint bookrunners were Belfius, Citigroup, Deutsche Bank and Société Générale.