The Banco de Crédito Social Cooperativo, which acts as the parent company of Cajamar, has once again demonstrated its strong reputation in the financial markets. This time, the institution has launched a green bond issuance totaling 500 million of euros, achieving a response from investors that has exceeded all initial expectations.
The response has been so positive that bids have reached €1.800 billion, which in practice means that the offer has been exceeded 3,6 times. This strong interest has allowed the The final coupon will be set at 3,75%., improving the conditions that were considered at the beginning of the day thanks to the solidity of the orders received.
Details of the transaction and investor profile
The new bond issued by the entity has a maturity horizon of six years, although a clause has been included that allows the early amortization upon completion of the fifth yearThese types of structures are quite common in the current market and offer a flexibility that large funds value positively when moving their money.
What is most striking about this move is the origin of the capital. Around one hundred major institutional investors have joined the operation, and it is curious that almost 90% of them are foreignersThis gives a very clear indication of the trust that Spanish cooperative banking generates beyond our borders, especially when it comes to green-labeled assets.
In this financial venture, Cajamar has not been alone, as it has had the backing of several heavyweights in the banking sector. Renowned entities such as Santander, Deutsche Bank, Crédit Agricole, Nomura and Natixis They were responsible for coordinating and placing the issue, ensuring that the process was successfully completed in record time.
A consolidated path in sustainable financing
With this latest move, the group has now raised approximately €1.150 billion across two green bond issues. This isn't new territory for them, as they already explored this area in 2022 by launching debt for social purposesThis demonstrates that their commitment to responsible finance is not a passing fad, but a long-term strategy.
The backing of major rating agencies has also played a key role in encouraging investors to participate. Having the Investment grade awarded by Fitch, S&P and DBRS It functions as a seal of guarantee that reassures the markets and facilitates these operations to proceed so smoothly.
This transaction highlights that the financial sector continues to scrutinize environmental and social criteria. Cajamar's ability to attract such a high volume of international capital demonstrates that its recent results and its financial strength These are compelling arguments for those seeking profitability without neglecting a commitment to sustainability in the European environment.