Banco de Crédito Social Cooperativo, the parent company of Cajamar, went to the market this Thursday to issue a 'green' bond for 500 million euros, an operation that has generated a demand of 1.8 billion euros, as detailed by the entity in a statement.
The bond has a maturity of six years, incorporating the possibility of early redemption at five years. The coupon has been set at 3.75%.
The issuance registered a "significant volume" of requests from high-quality accounts from around 100 institutional investors, of which almost 90% correspond to international investors. Crédit Agricole, Santander, Nomura, Deutsche Bank, and Natixis acted as coordinating entities in the placement.
With this operation, Cajamar now has two 'green' bond issuances for a combined total of 1.15 billion euros, in addition to a third sustainable issuance launched in 2022, in that case with a social label.