- The five-year issue by the Community of Madrid for 500 million, registered on AIAF, is the first by a European region under the Green Bond Standard
- BME, through the Bilbao Stock Exchange, today admits a 500-million-euro issue by the Basque Government, within the Euskadi Eraldatuz 2030 plan
Busy days in BME’s Fixed Income markets, with the admission of bond issues by the Community of Madrid, registered on AIAF, and by the Basque Government, admitted to trading through the Bilbao Stock Exchange. Both issues amount to 500 million euros and reaffirm the central role of BME’s capital markets in financing public issuers.
A few days ago, BME’s Fixed Income market, AIAF, registered a five-year bond issue by the Community of Madrid that was the first public issue by a European region under the Green Bond Standard. The issue, amounting to 500 million, attracted demand of 2.4 billion from 89 investors from Belgium, the Netherlands, Luxembourg, the United Kingdom, Ireland and Portugal, among other countries. Its coupon is 2.487%.
The issue was led by ING, BBVA, CaixaBank, Crédit Agricole CIB, and Banco Santander.
Meanwhile, BME, through the Bilbao Stock Exchange, today admits, with Friday, June 19 as the effective date for trading and settlement, a 500-million-euro issue by the Basque Government, which is part of the Euskadi Eraldatuz 2030 plan. Demand from institutional investors in Germany, Norway, the Middle East, the Netherlands, Italy, France and the United Kingdom, among other countries, exceeded 2.1 billion euros. The bonds, maturing in 2035, have an annual nominal interest rate of 3.45%.
Kutxabank and BBVA were the global coordinators of the issue, which also involved CaixaBank, Deutsche Bank, ING, Banco Sabadell and Banco Santander.
This issue comes just four months after the admission to trading on BME, through the Bilbao Stock Exchange, of a sustainable bond issue by the Basque Government amounting to 750 million euros.
Both the Community of Madrid, with sustainable issues amounting to 14.7 billion euros over the last 10 years, and Euskadi, with more than 6.4 billion euros since 2018, are prominent issuers in sustainable finance.
“These issues by the Community of Madrid and the Basque Government have seen strong demand from international investors, which, together with the repatriation to Spain of bond, commercial paper and note programs amounting to more than 84.7 billion euros in recent years, reaffirms the international benchmark position of BME’s Fixed Income markets for financing public and private issuers, due to their flexibility, agility and efficiency,” explains Susana de Antonio, head of primary markets at BME.
You can find all the information on BME’s Fixed Income markets at this link.