Lisbon – 27 February 2019 – Euronext is pleased to announce the first issuing of Green Bonds1 to be listed on Euronext Access Lisbon. Sociedade Bioelétrica do Mondego, S.A. (“SBM”) has issued a 10 year EUR 50 M emission (ISIN:PTBMOAOM0005), with an interest rate of 1,9%.
SBM is a Portuguese company, 100% indirectly owned by Altri, SGPS, S.A. (“Altri”), a Portuguese company listed on Euronext Lisbon.
Accordingly to the company, the 50 M€ issuance will finance the construction of a new biomass power plant located in Figueira da Foz, which will contribute to the diversification of the energy sources of the Altri Group and it is part of the strategy defined for the Portuguese National Energy Policy, through the construction of a power plant of non-conventional sources (namely, forest biomass), with thermal power of 135 MWt, corresponding to net electricity generation of 34.5 MWe to sell in the Public Electricity System (“PES”) network.
The Issuance aligns with the conditions set forth by the “Green Bond Principles”, published by the International Capital Market Association.
Green Bonds on Euronext
Gathering €54.4 bn worth of green bonds listed on our various markets, Euronext has become a pivotal player of sustainable finance. 49 issuers (from Euronext countries and beyond) have successfully closed 94 deals across Euronext markets since 2012. 25 new green bonds listings have successfully closed on Euronext in the last 12 months for a total amount of €20bn raised, making Euronext a global leader over the period. Financial and Public entities are leading total issuances (39% and 22% respectively). On corporates, energie production and energie distribution make up 86% of bond issues.
Notes to Editors:
1 Green Bonds enable capital-raising and investment for new and existing projects with environmental benefits.
The Green Bond Principles (GBP) are voluntary process guidelines that recommend transparency and disclosure and promote integrity in the development of the Green Bond market by clarifying the approach for issuance of a Green Bond. The GBP are intended for broad use by the market: they provide issuers guidance on the key components involved in launching a credible Green Bond; they help investors by ensuring availability of information necessary to evaluate the environmental impact of their Green Bond investments; and they assist underwriters by moving the market towards standard disclosures which will facilitate transactions.