ICO's sustainable bonds

ICO plays an important role in the development of the sustainable bond market nationally and at the European level

Our figures

  • Reference issuer

  • 11bond issues

  • 5,550 M€Issued

  • +16,000 M€Mobilized

To date, it has made 11 sustainable bond issues of a value of 5,550 million euros.

2020: ICO becomes the first Spanish issuer to launch a public social bond issue designed to alleviate the economic impact of COVID-19.

  • The funds collected will be used to finance operations of Spanish self-employed, SMEs and companies aimed at alleviating the economic and social impact of COVID-19, through the various instruments available to ICO: Second-floor facilities, direct financing programmes and the funds managed by AXIS, its venture capital subsidiary.
  • The issue has had a demand of over 3,500 million euros, more than 7 times the transaction amount, which represents the largest over-subscription recorded in an ICO bond operation.
  • 67% of the transaction has been placed among foreign investors and 64% among socially responsible investors.

2019: First issue of ICO's Green Bonds, of a value of 500 million euros. Success of the demand to reach 3,400 million euros, six times higher than the issue price.

  • The funds were used to finance projects that contribute to protecting the environment and the fight against climate change.
  • 84% of the issues were acquired by international investors, while 65% was distributed among investors with environmental and sustainable investment criteria.
  • International recognition in the sustainable financing markets: the only Spanish entity and the only National European Promotional Bank that is a member of the ICMA's (International Capital Market Association) Advisory Council of the Green Bond Principles and Social Bond Principles Executive Committee.

ICO's sustainable bonds
 

2015-2020: Seven social bonds of an amount exceeding 3,550 million euros, which positions  ICO among the leaders in this market at the European level.

  • The funds will be used to finance the projects of the self-employed and SMEs located in autonomous communities with a GDP per capita lower than the Spanish average.
  • The first five issues have funded over 46,400 projects.