- This is the tenth issue carried out by the Autonomous Community of Madrid linked to ESG principles
BME, through the AIAF Market, has admitted to trading a new issue of sustainable bonds from the Autonomous Community of Madrid worth €1 billion. The new reference has a fixed coupon of 3.216% and a maturity of ten years.
This issue is the tenth ESG-linked transaction carried out by the Autonomous Community of Madrid, making it the first community to reach €10 billion in bonds labeled as green, social, or sustainable. The Autonomous Community of Madrid was also the first Spanish public issuer, and one of the few in Europe, to align its green bond issues with the European taxonomy and to use the new EU Green Bond Standard.
The funds obtained by the Madrid region through the issuance of sustainable fixed income are allocated to one of five social categories: affordable housing, education, healthcare, social inclusion, SME financing, or green, related to climate change and environmental management, included in the eligible projects within its sustainable financing framework and in accordance with the eligibility criteria established therein.
The financial institutions placing the issue were BBVA, Banco Santander, CaixaBank, Credit Agricole CIB, HSBC, and ING.
BME's fixed income markets currently have around 150 medium- and long-term ESG fixed income issues listed, worth more than €27 billion, in addition to some 30 commercial paper programs with 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 consult all ESG issues registered on BME at this link.