Investor Presentaiton
Comunidad de Madrid 2022 Green Bond review
Final Terms and Conditions
Issuer
Issuer Ratings
Format
The Autonomus Community of Madrid
A-/Baa1/A-/BBB (S&P/Moody's/DBRS/Fitch)
RegS, Bearer Dematerialised
Senior, Unsecured
Ranking
Risk Weighting
0%
Size
Maturity
Settlement
Coupon
Benchmark
Reoffer Price
Listing
Gov Law
Bookrunners
ISIN
EUR 500m
31-October-2029
14-October-2022 (T+8)
2.822% Fixed, Annual, Act/Act - Long first
SPGB 0.6 10/31/29 @ 87.282% HR 107%
100% / 2.822% / SPGB + 23 bps
AIAF
Spanish
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 & Austria Italy
BeNeLux
Other EU
49%
46%
Other
SRI
49%
51%
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.
4%
1%
Fund
Managers
Banks
Ins & PF
HF
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