Navarre makes sustainable debut
The Spanish region of Navarre has printed its debut sustainable bond. Navarre is the third Spanish autonomous community, behind Madrid and the Basque Country, to issue a sustainable bond.
The €50m 2.1% note is due to mature in April 2044. BBVA ran the deal on April 15 as a private placement as well as advising Navarre on creating its sustainable framework.“It was a good opportunity for Navarre,” said a DCM banker at BBVA. “Other ...
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