- With a value of 500 million euros
BME, through the Bilbao Stock Exchange, today admitted to trading the Basque Government’s new 500 million-euro sustainable bond issue. The term of the bonds is 10 years (their final maturity is scheduled for 30 April 2028) and they will yield a 1.45% annual coupon.
This issue is part of the authorisation by the Basque Government, dated February 2, for the carrying out of long-term financial operations with a maximum value of 1.22 billion euros.
Norbolsa, BBVA, HSBC, Santander and Credit Agricole have acted as Joint Bookrunners in the placement of the issue.
The Basque Government has an A3 stable outlook rating by Moody's, A + positive outlook by S&P and A- stable outlook by Fitch.
This is the Basque Government’s first sustainable bond issue to be admitted to trading on BME.
The issue takes place within the framework of the United Nations’ Sustainable Development Goals (SDG) and includes projects on education, health, socio-economic progress, job creation and renewable energies, among others.
With this operation, which is in addition to those carried out by the Madrid regional government, Adif and the Barcelona City Council, the volume of green bonds registered in the markets operated by BME is close to 3.5 billion euros.