Iberdrola’s First EuGB-aligned Green Bond Draws its Largest Order Book in 4 Years

Iberdrola’s First EuGB-aligned Green Bond Draws its Largest Order Book in 4 Years

Global energy and electricity provider Iberdrola announced that it has raised €750 million in a new green bond offering, its first – and the first by any Spanish company – to be issued under the new European Green Bond (EuGB) standard. Iberdrola noted that the bond was also the first ever to comply with both the EuGB standard and the Green Bond Principles of the International Capital Market Association (ICMA). Iberdrola noted particularly strong…

Spain has overcome the barrier of the 100 billion euros issued in green bonds - those whose funds are destined for activities or projects that help achieve positive environmental objectives-, according to the estimates of the Spanish Observatory of Sustainable Financing (Ofiso). The entity has detailed in a note that this symbolic figure, in which the emissions of Spanish companies, financial institutions and institutions are collected, has been…