CMBS go green

Natixis issued the first ever “Green Bond” CMBS*, backed by 85 Broad Street office building in New York. The $72 million green-specific tranche refinances part of a $358,600,000 first mortgage loan provided by Natixis to Ivanhoé Cambridge and Callahan Capital Properties for the acquisition of the property. It was oversubscribed with green investors and contributes to diversify the green investment opportunities.

A leading rating agency in the field of sustainable investment analyzed the alignment of the certificates against the Green Bond Principles (ICMA) and its own analysis framework and confirmed the sustainability quality of the property and, overall, of the original lender. This deal is a fresh illustration of our commitment to green finance and our innovation capabilities.

* Commercial mortgage-backed security