Iberdrola issues the world’s first green bond in compliance with EU and ICMA standards: Advisors

Iberdrola became the first Spanish company to issue a bond under the new EU green bond standard (EU GBS). It has done so in an operation that allows it to raise 750 million euros at 10 years. The company is also the first in the world to issue a bond that simultaneously complies with the EU GBS and the Green Bond Principles of the International Capital Markets Association (ICMA).

In the end, more than 170 investors participated in the transaction, with the placement being distributed in the United Kingdom (32%), France (28%), Germany (11%), Benelux (10%), Spain (9%) and other European countries (10%), with 93% of the investors being sustainable investors.

This is Iberdrola’s second public operation, after the green bond referenced to its share price launched last March, with which it raised 400 million euros over five years with a coupon of 1.5%.

Bank of China, BBVA, CIC, Crédit Agricole, Deutsche Bank, HSBC, MUFG and UniCredit participated in the placement.

Advisors

Linklaters has advised on the issue with a team formed by Federico Briano, Jorge Alegre, Yiannis Kyriakides and Borja Oñoro.