Finance
Spain Plans to Issue Debut Green Sovereign Bond in September
- Spanish Treasury is targeting a 20-year maturity for bond
- Spain has identified EU13.6b worth of projects to finance
Cyclists use bike lanes in Barcelona, Spain. The government has identified projects to finance with green debt, such as sustainable transportation.
Photographer: Maria Contreras Coll/BloombergThis article is for subscribers only.
Spain will sell its inaugural green bond in September, joining a flurry of other governments making debuts to fund environmental projects this year.
The Spanish Treasury’s first such bond will have a 20-year maturity, Economy Minister Nadia Calvino said on Wednesday. She didn’t specify how much it plans to raise, though the government has identified 13.6 billion euros ($16.1 billion) of projects to finance with green debt, such as sustainable transportation and waste water treatment.