BME’s Fixed Income Market has admitted to trading a new structured green bond issue by BBVA for an amount of 35 million euros. It is a private placement made under the "Structured Medium Term Note Programme", a 2 billion-euro structured bonds Issuance Programme currently managed by BBVA Global Markets.
The bonds’ individual nominal value is 100,000 euros and they will have an annual variable coupon based on the future evolution of the euro-denominated 5-year Constant Maturity Swap (EUR CMS5Y). Its maturity date is set at par on February 19, 2025.
BBVA has A-ratings granted by S&P Global, A3 by Moody's and A- by Fitch.
The use of proceeds raised through this issue will be earmarked for the funding of green projects under BBVA’s Sustainable Development Goals, which have been developed in accordance with Global Compact’s Principles and United Nations’ Sustainable Development Goals (SDGs). In line with these objectives, BBVA can issue green bonds, social bonds or sustainable bonds to finance its sustainability strategies.
The issue has received the green bond certification in accordance with the opinion issued by the agency DNV GL Business Assurance.
This sustainable bond operation registered follows the one launched last week by the Madrid Regional Government for an amount of 1.25 billion euros. BME actively participates in the development of the green bond market.