Investor Presentaiton
Comunidad de Madrid 2022 Green Bond review
Final Terms and Conditions
Issuer
Issuer Ratings
Format
Ranking
Risk Weighting
Size
Maturity
Settlement
Coupon
Reoffer Price
The Autonomus Community of Madrid
A-/Baa1/A-/BBB (S&P/Moody's/DBRS/Fitch)
RegS, Bearer Dematerialised
Senior, Unsecured
0%
EUR 500m
31-October-2029
14-October-2022 (T+8)
2.822% Fixed, Annual, Act/Act - Long first
100% / 2.822% / SPGB + 23 bps
SPGB 0.6 10/31/29 @ 87.282% HR 107%
AIAF
Benchmark
Listing
Min Denoms
€1k + €1k
Bookrunners
ISIN
BBVA, CaixaBank, Crédit Agricole CIB, ING and Santander
ES00001010JO
Investor Type and Geographic Distribution
23%
17%
16%
14%
14%
9%
7%
Spain
France
UK & Ireland Germany &
Italy
BeNeLux
Other EU
Austria
49%
46%
Other
SRI
4%
1%
49%
51%
Fund Managers
Banks
Ins & PF
HF
Transaction Highlights
• On Tuesday, October 4th, 2022, the Autonomous Community
of Madrid successfully launched and priced its third Green
bond deal and second public transaction in 2022.
⚫ The bond issued under Autonomous Community of Madrid's
existing Sustainable Finance Framework, becomes the first
public sector issue in Spain - and one of the few in Europe - to
be fully aligned with the EU Green Taxonomy.
• The transaction was preceded by a week-long marketing
exercise with European investors:
• On October 3rd, the Autonomous Community of
Madrid formally mandated the banks for a new 7yr
Green Bond with the objective to launch the
transaction in the near future subject to market
conditions.
• On October 4th, the order book was officially open
with a price guidance of SPGB+23 bps.
• Books closed with a total demand of EUR 500M and
final spread of SPGB+23bps allowing Comunidad de
Madrid to print a successful deal in a very challenging
and volatile market and consolidating its leading
position as ESG bond issuer, being the first Spanish
public sector issuer to launch 3 green bond deals.
• In terms of metrics the orderbook was well supported by
international investors accounting for 77% of the total
demand. The quality of the orders also allowed to allocate
53% of the notes to Real Money accounts.
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