- With this tenth ESG issue since 2018, the Basque Country exceeds €6.4 billion in sustainable financing
BME, through the Bilbao Stock Exchange, today admitted a sustainable issue by the Basque Government for €750 million to trading, effective February 9. The bonds have a fixed coupon of 3.25% over ten years.
This issue, which was oversubscribed by almost nine times the offer, is the tenth linked to ESG principles carried out by the Basque Country since it launched its first operation in May 2018. The total amount of these operations amounts to €6.45 billion.
The financial institutions placing the issue were Kutxabank Investment, BBVA, Banco Santander, Caixabank, Credit Agricole, and HSBC. The first two acted as global coordinators of the operation. 63.4% of the admission was acquired by international investors.
BME's fixed income markets currently have around 150 medium- and long-term ESG fixed income issues admitted to trading, amounting to more than €27 billion, in addition to some 30 commercial paper programs with maximum outstanding balances of close to €8.6 billion. Sustainability has spread to the entire range of fixed income products, from commercial paper to complex financing operations for renewable energy or transport infrastructure projects, including traditional bonds, covered bonds, and securitizations.
You can view all ESG issues registered with BME at this link.