Grupo Cooperativo Cajamar, through its parent company Banco de Crédito Social Cooperativo, today placed a €500 million senior preferred bond issue, designated as "green" with a six-year maturity and an early redemption option after five years. Demand reached €1.8 billion, 3.6 times higher than the initial offering. Due to the strong response, the coupon rate was set at 3.75% after adjustments during the issuance process.
The interest generated by this issue, driven by the Group's positive performance, its good results, and investment-grade rating by the three agencies that rate the Group (Fitch Ratings, S&P, and DBRS), resulted in a significant volume of orders from high-quality accounts of approximately 100 institutional investors, nearly 90% of whom are international.
This marks the second issuance of 'green' bonds, totaling €1.15 billion, and the third sustainable bond issuance overall, following the launch of its first sustainable debt issue in 2022, which at that time had a social focus.
The banks participating as Joint Bookrunners were Crédit Agricole, Santander, Nomura, Deutsche Bank and Natixis.
950 21 03 86 | comunicacion@grupocooperativocajamar.com | @PrensaCajamar
