Spain to be enthusiastic, classical green issuer

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By Jon Hay
09 Jan 2020

Spain’s formation on Monday of a Socialist-led coalition government, even one with no parliamentary majority, has opened the way for the country to press ahead with launching its first green bond. The deal of about €5bn is likely to be syndicated in the second half of 2020, and could prove one of the prize mandates of the year for banks to compete for.

“The time is now ripe for Spain to enter this blossoming market,” said Pablo de Ramón-Laca, head of funding and debt management at the Treasury in Madrid. Spain will become a repeat issuer.

In February 2019, Spain, which until then had shown little enthusiasm for issuing a green ...

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