BME admits a 700 million euro sustainable bond issue by the Basque Government to trading

• The nine ESG debt issues registered by the Basque Country since 2018 total 5.7 billion euros

BME, through the Bilbao Stock Exchange, has today admitted to trading with effect from March 3 a sustainable issuance by the Basque Government amounting to 700 million euros. The bonds have a fixed coupon of 3.25% over ten years.

This issuance, which has been eight times oversubscribed, is the ninth linked to ESG principles carried out by Euskadi since it launched its first operation in May 2018. The total amount of these operations amounts to 5.7 billion euros.

The financial entities placing the issuance have been BBVA, Banco Santander, Caixabank, Credit Agricole, HSBC, ING, and Kutxabank Investment. The latter has acted as the global coordinator of the operation. 69% of the admission has been acquired by international investors.

Last year, BME's fixed income markets and platforms registered 65 green, social and sustainable fixed income issues worth 89.3 billion euros, of which almost 9.3 billion were from Spanish issuers. By the end of the year, there were already 227 live bond issuances and commercial paper programmes in force in the fixed income markets of BME.

You can check all the ESG issues registered in BME at this link.