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Pricing for Goldman’s pioneering green European CMBS shows "insatiable" demand for sustainable investments

Revised price for all the tranches of the River Green Finance securitisation sees Goldman set to make a significant profit as loan is at market rate and bonds at 'green' rate

River Green Finance securitises two loans of €196.2m backing a campus-style office property in France. Caption: iStock
River Green Finance securitises two loans of €196.2m backing a campus-style office property in France. Caption: iStock

Pricing indications for Goldman Sachs’s River Green Finance 2020 DAC securitisation, the first ever green European CMBS, demonstrate strong demand for sustainable investments, with all its tranches showing pricing at the tight end of guidance and significantly tighter than the "market" price of the underlying loan.

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