ADIF Alta Velocidad, the Spanish high-speed rail infrastructure manager, issued green bonds worth EUR 600 million, the operation being launched with the support of a syndicated group of banks formed by BBVA, BNP Paribas, Crédit Agricole and Santander. The bond has a six-year term at an interest rate of 0.8%.
Green bonds should be used to finance or refinance projects that do not affect the environment. The bonds issued by ADIF Alta Velocidad meet the strictest, “dark green” criteria imposed by the International Center for Climate and Environmental Research. They will be used to finance the development of new rail infrastructure and to make improvements in energy efficiency.
ADIF Alta Velocidad is now the first public entity in Spain taking the decision to issue green bonds.
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