69% of the bond is placed with international investors, 16% with state investors and 15% with investors from the Basque Autonomous Community. In addition, applications have been received for a value of 1,453 million euros.
The Basque government has today launched the sixth issue of the “Euskadi Sustainable Bond” worth €500 million up to eleven years.
Demand has tripled supply, as applications have been received that are worth it 1,453 million eurosand the financial entities that participated in this issue are Norbolsa, Santander, Caixabank, HSBC and Credit Agricole, as explained by the Basque Executive in a note.
In addition, the Basque government assures that a 69% in international investors, -with Germany as the first investor country, followed by France, the Netherlands, Austria and Great Britain-, a 16% in state investors and a fifteen% in investors of the Basque Autonomous Community.
The Executive “continues with the firm intention to play an important role in the development of the sustainable bond market and to promote responsible and efficient financing to address Euskadi’s environmental, economic and social challenges”.
the counselor Pedro Azpiazú He hopes that by 2023 the integration of other markets, mainly Asia, can be explored, as the “experience developed over the past four years supports us as guarantors of sustainability”.
Source: EITB
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