{"id":10949,"date":"2022-11-17T15:21:50","date_gmt":"2022-11-17T15:21:50","guid":{"rendered":"https:\/\/www.esgtoday.com\/?p=10949"},"modified":"2022-11-17T15:26:12","modified_gmt":"2022-11-17T15:26:12","slug":"iberdrola-issues-e1-5-billion-green-bond","status":"publish","type":"post","link":"https:\/\/www.esgtoday.com\/iberdrola-issues-e1-5-billion-green-bond\/","title":{"rendered":"Iberdrola Issues \u20ac1.5 Billion Green Bond"},"content":{"rendered":"<!--themify_builder_content-->\n<div id=\"themify_builder_content-10949\" data-postid=\"10949\" class=\"themify_builder_content themify_builder_content-10949 themify_builder tf_clear\">\n    <\/div>\n<!--\/themify_builder_content-->\n\n\n<p>Global energy and electricity provider Iberdrola announced that it has issued \u20ac1.5 billion in green bonds, in an offering that saw strong investor demand, despite recent market headwinds.<\/p>\n\n\n\n<p>The green bond comes as Iberdrola aims to invest heavily in its clean energy capacity, following its announcement last week of plans to invest \u20ac47 billion between 2023-2025, including \u20ac17 billion for renewable energy, and \u20ac27 billion in its electricity networks, and a target to boost renewable capacity to 52,000 MW by the end 2025. Earlier this year the company said that it aims to invest \u20ac150 billion over the next decade, tripling its renewable energy capacity and doubling its network assets.<\/p>\n\n\n\n<p>The green bond offering, consisting of a \u20ac750 million six-year maturity bond and a \u20ac750 million a ten-year maturity bond, was more than 3.5x oversubscribed, drawing orders of more than \u20ac5.3 billion. The issuance was met with strong demand despite a challenging market environment, which resulted in a <a href=\"https:\/\/www.esgtoday.com\/sustainable-bonds-hit-record-share-of-global-bond-issuance-moodys\/\">13% decline in global green bond issuance volumes<\/a> last quarter.<\/p>\n\n\n\n<p>The company said that a majority of the deal was placed with ESG investors.<\/p>\n\n\n\n<p>The deal marks the latest in a string of sustainable finance transactions for Iberdrola, including a\u00a0<a href=\"https:\/\/www.esgtoday.com\/iberdrola-extends-sustainable-finance-to-include-water-goals-with-new-2-5-billion-credit-agreement\/\">\u20ac2.5 billion sustainability linked credit line<\/a>\u00a0signed by the company in July, a\u00a0<a href=\"https:\/\/www.esgtoday.com\/iberdrola-signs-e1-billion-green-loan-to-fund-renewables-development\/\">\u20ac1 billion green loan<\/a>\u00a0with Banco Santander announced in April, and a recent <a href=\"https:\/\/www.esgtoday.com\/iberdrola-signs-550-million-green-loan-with-eib-to-fund-wind-solar-projects\/\">\u20ac550 million green loan<\/a> agreement with the European Investment Bank (EIB).<\/p>\n\n\n\n<p>Last year, Iberdola&nbsp;<a href=\"https:\/\/www.esgtoday.com\/iberdrola-aims-to-have-nearly-two-thirds-of-its-debt-as-green-sustainable-by-2025\/\">announced<\/a>&nbsp;plans for its financing structure to have an increasingly higher percentage of green and sustainable products, estimated to account for nearly two-thirds of its debt by 2025.<\/p>\n\n\n\n<p>Participating banks in the placement included JP Morgan (Coordinator), Caixabank, Citi, Commerzbank, Cr\u00e9dit Agricole, Deutsche Bank, Morgan Stanley, MUFG, Natwest and Royal Bank of Canada.<\/p><span class=\"et_bloom_bottom_trigger\"><\/span>","protected":false},"excerpt":{"rendered":"<p>Global energy and electricity provider Iberdrola announced that it has issued \u20ac1.5 billion in green bonds, in an offering that saw strong investor demand, despite recent market headwinds. The green bond comes as Iberdrola aims to invest heavily in its clean energy capacity, following its announcement last week of plans to invest \u20ac47 billion between [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":10950,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[6,36,30],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Iberdrola Issues \u20ac1.5 Billion Green Bond - ESG Today<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.esgtoday.com\/iberdrola-issues-e1-5-billion-green-bond\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Iberdrola Issues \u20ac1.5 Billion Green Bond - ESG Today\" \/>\n<meta property=\"og:description\" content=\"Global energy and electricity provider Iberdrola announced that it has issued \u20ac1.5 billion in green bonds, in an offering that saw strong investor demand, despite recent market headwinds. 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