The Autonomous Community of Madrid has issued its fourth green bond in the capital market in June and its second public issue of 2023, with a term of 5 years and a volume of 600 million euros, being mandated to participate in the issue BBVA, CaixaBank, Credit Agricole CIB, ING and Santander. In the geographical distribution, it stands out that 83% of the bonds have been placed among foreign investors, Germany standing out with 29%, followed by France and Italy (10%) each and the United Kingdom, Portugal and Scandinavian countries with 8%.īy type of investor, the demand registered by banks stands out with 45% of the total volume of issuance, followed by insurers and pension funds with 25%, fund managers with 15% and official institutions with 13 %. This issuance has been rated A/Baa1/A(low) /(S&P/Moody's/DBRS). With this new operation, the Community of Madrid further consolidates itself in the sustainable bond market as it is the seventh issuance of this type, with which it continues to advance in the construction of its sustainable curve and has been the Spanish region with the common regime that has reopened this market in 2022. The Community of Madrid has gone back to the capital markets in February 2023 to successfully place a new sustainable bond with a term of 10 years and for a volume of 1.000 million euros, being mandated to do so by BBVA, Banco Santander, Banco Sabadell, HSBC, Caixabank CIB and Crédit Agricole.įor the development of this financial operation, it has relied on the Sustainable Financing Framework, which has been qualified by the Sustainalytics Agency as solid, reliable and in harmony with the Green Bond Principles (GBP), the Social Bond Principles (PBS ) and the 2018 Sustainability Bond Guidelines published by the International Capital Market Association (ICMA), together with the Green Loan Principles (BPL) administered by the Loan Market Association (LMA), and aligned with the Sustainable Development Goals set by the UN.
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