BME admits a 11-year new sustainable bond from the Basque government for 500 million euros

• This is the sixth issue linked to ESG principles launched by the Basque Country since its first one in May 2018
• The volume of these transactions registered in the BME fixed income markets totals 100 billion euros

BME, through the Bilbao stock exchange, today admitted a 500 million euro, 11-year sustainable bond issue launched by the Basque Government. The bonds have a nominal value per unit of 1,000 euros. The transaction was three times oversubscribed, thus bringing a fixed annual coupon of 1.875%.

This is the sixth issue linked to Environmental, Social and Governance (ESG) principles carried out by Euskadi since the first transaction in this segment was carried out, in May 2018. The total amount of the six issues reaches 3.7 billion euros.

Norbolsa, Santander, Caixabank, HSBC and Crédit Agricole have participated in the placement of the issue. As regards its distribution, 69% was allocated to international investors and of the remaining 31% placed in Spain, 15% was allocated to investors from the Basque Country.

The Basque Government has an A rating, with a stable outlook, A3 and AA-, also with a stable outlook, from the Fitch, Moody’s and S&P rating agencies.

This new sustainable bond issue is in addition to the one made on 11 April by the Madrid regional government and strengthens BME’s position as a benchmark for the issuance of ESG bonds, both public and private, whose total amount issued in the fixed income markets managed by BME now stands at 100 billion euros.