Iberdrola issues €750 million green bond under new EU standard

Green Forum
Iberdrola has launched a €750 million green bond aligned with the new European Union Green Bond Standard (EU GBS) as well as the Green Bond Principles of the International Capital Market Association.

The bond has a 10-year term and a 3.5% coupon, with proceeds earmarked for both new and ongoing renewable energy projects. Investor demand was strong, surpassing €3.7 billion, and over 170 investors from across Europe participated. The final pricing was set at a 110 basis point spread over mid swap, with 93% of allocations going to sustainable investors.

The issuance was led by a syndicate of eight banks: Bank of China, BBVA, Crédit Agricole, Deutsche Bank, HSBC, MUFG, CIC, and UniCredit.

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