Green Bond Fact Sheet

This fact sheet details a EUR 60 million green bond issued by Grupo Pestana on September 23, 2019, to refinance energy-efficient building projects in Portugal.

• Grupo Pestana issued a senior unsecured green bond on September 23, 2019, with a total amount of EUR 60 million (USD 66 million) and a maturity date of September 23, 2025.
• The bond proceeds are designated for the refinancing of two specific eligible projects: the Pestana Blue Alvor and the Eco Resort Pestana Troia, both of which are noted for energy efficiency metrics with positive environmental impacts.
• This issuance represents the first time a real estate company in Portugal has issued a green bond and the first Portuguese issuance to finance building projects.
• Grupo Pestana committed to providing annual public allocation reporting within one year of issuance, alongside impact reporting focused on carbon reduction and energy performance.
• As of the date of the document, Portugal had seen five green bonds from three issuers, four of which occurred in 2019; all were issued in EUR by non-financial corporates, with most focusing on energy-related projects.

APA

Climate Bonds Initiative (2019). Green Bond Fact Sheet. https://www.climatebonds.net/files/drupal-files/files/2019-09_PT_Grupo-Pestana.pdf

Chicago

Climate Bonds Initiative. Green Bond Fact Sheet. 2019. https://www.climatebonds.net/files/drupal-files/files/2019-09_PT_Grupo-Pestana.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=Green Bond Fact Sheet |date=4 October 2019 |url=https://www.climatebonds.net/files/drupal-files/files/2019-09_PT_Grupo-Pestana.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 = oct, url = {https://www.climatebonds.net/files/drupal-files/files/2019-09_PT_Grupo-Pestana.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }