Unicaja has issued a green bond, in senior non-preferred format, for an amount of 500 million euros, with a term of 6 years and maturity on 30 June 2031, with an early redemption option in the fifth year for 100% of its nominal value.
The price was set at 135 basis points (bps) over midswap, 35 bps below the 170 bps offered in the announcement, thanks to the high demand obtained, which reached 4,190 million euros.
The placement was carried out by Banco Santander, Crédit Agricole, Deustche Bank, Nomura and UBS, with the participation of more than 230 institutional investors from Europe, Asia and America.
This is the fifth green bond issued by the bank since 2022 and its funds will be used to finance renewable energy and green building projects. These goals are aligned with SDG 7 (Affordable and clean energy), 11 (Sustainable cities and communities) and 13 (Climate action).
Unicaja’s fifth green bond
Unicaja has issued since 2022 five green bonds for a total of 2,100 million euros.
The bank's goal is to contribute financially to the development of a fairer and more inclusive society, based on efficient economic management that respects the environment and favors the progressive reduction of CO2 emissions, both its own and those of its customers, in order to achieve climate neutrality by 2050 at the latest.
The entity has had a Green Bond Framework in place since 2022, revised in 2024, which is aligned with the Green Bond Principles (GBP) of the International Capital Market Association (ICMA), published in June 2021.
