Today the BME AIAF Market is admitted to trading first green bond issue of the Kingdom of Spain for the amount of 5,000 million euros. The bonds have an annual coupon of 1% and a 20 year term. During the placement process, the offer exceeded the issued volume by 12 times, which has made it possible to reduce the differential with respect to the Treasury Obligation benchmark for the same term and contributes to lowering the average cost of financing its global portfolio to 1.65%.
The funds obtained with the placement will be used to finance projects that promote the objectives of the Spanish environmental agenda.
The issue has been carried out in accordance with Green Bond Framework of the Kingdom of Spain published last July, which has the highest environmental rating granted for a sovereign issuer by the independent verifier Vigeo Eiris.
Placement it has been distributed among 464 customer accounts High-quality endings, for the most part, with investment objectives in sustainable financial assets and with a clear concentration among international investors (92%).
The incorporation of this first green bond from the Spanish Treasury extends to more than 47,000 million euros the volume of issues with this label that are traded on the BME AIAF market.
BBVA, Banco Santander, Barclays, Credit Agricole, Deutsche Bank and JP Morgan acted as directors of the issue.