Green Bond Fact Sheet

This fact sheet details a EUR 500 million green bond issued by the Instituto de Crédito Oficial (ICO), a Spanish state-owned bank, on April 9, 2019. The bond is intended to finance or refinance projects providing environmental benefits across six eligibility areas, including renewable energy and clean transportation, supporting Spain's goal of carbon neutrality by 2050.

• The Instituto de Crédito Oficial (ICO) issued a senior unsecured green bond on April 9, 2019, with a total amount of EUR 500 million (USD 560 million) and a maturity date of January 31, 2024.
• Proceeds from the bond are designated for the financing or refinancing of projects that promote sustainable development and provide environmental benefits. The eligibility criteria are divided into six specific areas: renewable energy, energy efficiency, clean transportation, pollution prevention and control, environmentally sustainable management of living natural resources and land use, and sustainable water and wastewater management.
• The ICO is a state-owned bank under Spain's State Secretariat for Economy and Enterprise Support (Ministry of Economy and Business) that provides loans to Spanish enterprises to foster growth in areas of environmental, cultural, or social value.
• This issuance represents the first green bond from a financial government-backed entity in Spain and the second government-backed Spanish issuer overall, following ADIF Alta Velocidad.
• The bond aligns with the Spanish Government's objective to achieve carbon neutrality by 2050 through an "ecological transition" and increased financing for environmental projects.

APA

Climate Bonds Initiative (2019). Green Bond Fact Sheet. https://www.climatebonds.net/files/drupal-files/files/2019-04%20SP%20Instituto%20de%20Cr%C3%A9dito%20Oficial.pdf

Chicago

Climate Bonds Initiative. Green Bond Fact Sheet. 2019. https://www.climatebonds.net/files/drupal-files/files/2019-04%20SP%20Instituto%20de%20Cr%C3%A9dito%20Oficial.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=Green Bond Fact Sheet |date=23 April 2019 |url=https://www.climatebonds.net/files/drupal-files/files/2019-04%20SP%20Instituto%20de%20Cr%C3%A9dito%20Oficial.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatebondsinitiative2019green, author = {{Climate Bonds Initiative}}, title = {{Green Bond Fact Sheet}}, institution = {Climate Bonds Initiative}, year = {2019}, month = apr, url = {https://www.climatebonds.net/files/drupal-files/files/2019-04%20SP%20Instituto%20de%20Cr%C3%A9dito%20Oficial.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }