Press Release

Sacyr registers a 104 million euro Green Securitisation Fund with MARF

20 October, 2021
  • The issue qualifies as a Green Bond in accordance with the characteristics of the projects whose rights have been transferred to the fund

BME’s Fixed Income Market, MARF, has admitted a 104 million euro bond issue to trading from the Sacyr Green Energy Management Securitisation Fund. The Fund's assets consist of present and future credit rights arising from invoices issued or to be issued by Sacyr Industrial Operación y Mantenimiento (SIOM), a Sacyr Group company, arising from the operation and maintenance of five cogeneration plants, two biomass plants and two industrial plants for the extraction of olive pomace oil located in Andalusia. The Fund is managed by Intermoney Securitisation.

The securitisation bonds have been rated as Green Bonds in accordance with the characteristics of the projects whose rights have been assigned and are aligned with the ICMA Green Bond Principles, as confirmed by the Second Opinion issued by G-Advisory. The issue has an A- rating from Axesor Risk Management

Banco Sabadell has structured the transaction and acts as the Placement Entity and Payment Agent for the issue, as well as the Securitisation Fund’s Registered Advisor in MARF. J&A Garrigues has acted as legal advisor to the participants in the incorporation of the Securitisation Fund and the registration of the bond issue with MARF.

Sacyr is a multinational concessions, infrastructure and services group that develops complex, innovative and sustainable projects. Its international experience has made it a benchmark firm with a presence in more than 20 countries on five continents. Sacyr is listed on the IBEX Medium Cap® index.

Intermoney is a Securitisation Fund Management company incorporated in 2003 and registered and supervised by the Spanish stock market supervisor, CNMV. Throughout its history, it has participated in more than 110 securitisation transactions with different structures and underlying assets, with an issued volume exceeding 100 billion euros.

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