Unicaja has issued a senior preferred green bond, for an amount of 300 million euros, with a term of five years and maturity in September 2029, with an early redemption option in the fourth year for 100% of its nominal value.
The price has been set at 105 basis points (bps) over midswap, 35 bps below the 140 bps offered in the announcement, thanks to the high demand obtained, which exceeded 1,200 million euros.
The entities in charge of the placement were BBVA, BofA Securities, Natixis, and Société Générale, with the participation of more than 90 institutional investors from Europe, Asia and America.
This is the fourth green bond issued by the bank since 2022 and its funds will be used to finance renewable energy projects and residential mortgages. These purposes are aligned with SDG 7 (Affordable and clean energy), 11 (Sustainable cities and communities) and 13 (Climate action).
Unicaja’s fourth green bond
Unicaja has issued since 2022 four green bonds for a total of 1,600 million euros.
The bank's goal is to contribute financially to the development of a fairer and more inclusive society, based on efficient economic management that respects the environment and favors the progressive reduction of CO2 emissions, both its own and those of its customers, in order to achieve climate neutrality by 2050 at the latest.
The entity has had a Green Bond Framework in place since 2022, revised in 2024, which is aligned with the Green Bond Principles (GBP) of the International Capital Market Association (ICMA), published in June 2021.
