Spain’s green bonds: the Treasury places 4,000 million in the face of a record demand of 68,500 million

The 20-year syndicated operation received demand 17 times higher than supply and closed below initial expectations. Institutional appetite validates the sovereign debt linked to the transition in the midst of rate escalation, maturing in July 2047.

The Public Treasury has today closed a syndicated issue of 4,000 million euros in 20-year green bonds, with a demand of 68,504 million that multiplies the supply by 17 and validates the financing of the ecological transition.

The Treasury captures 4,000 million and multiplies demand by 17
It is a syndicated operation, reserved for a small group of institutional investors and not the general market. Even so, the appetite has been extraordinary: the Treasury received requests for 68,504 million euros, equivalent to 17 times the offer. Let’s go to the data.

• Amount issued: 4,000 million euros.
• Registered demand: 68,504 million, 17 times the supply.
• Term: 20 years, maturing in July 2047.
• Estimated profitability: around 4.2%, below what was expected at the beginning.

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