FCC Servicios Medio Ambiente Holding has closed the issue of a 600 million euro bond, within the Sustainable Financing Framework updated by the company on 14 September 2023, which has the favourable opinion of the worldwide classification society Det Norske Veritas (DNV).

The Framework follows the Green Bond and Green Loan Principles established by the International Capital Market Association (ICMA) and the Loan Market Association (LMA), as it encompasses both types of financing products.

The main objective of this green bond issue is to finance important investments that will enable the development of sustainable environmental activities, including pollution prevention and control, clean transport and the circular economy.

The banks involved in the transaction were BBVA as Global Coordinator, Banco Sabadell, BBVA, Caixabank, Credit Agricole CIB, HSBC and Santander as Bookrunners and Kutxabank Investment as Co-Lead Manager. BBVA and Caixabank acted as agents in the structuring of the Sustainable Financing Framework.

In 2019, FCC Medio Ambiente issued its first green bond for 1,100 million euros, divided into two tranches, one of 600 million, maturing in 2023, and another of 500 million maturing in 2026. In October 2023, the company issued 600 million euros, maturing in 2029, to refinance the first tranche of the 1,100 million euros.

In September 2023, FCC Medio Ambiente updated its Green Finance Framework, reflecting its ongoing commitment to sustainability and underpinned by its Sustainability Strategy 2050.

The company is one of the leading global groups specialised in environmental solutions. It has more than 120 years of experience in providing services to public and private clients and is currently present in 5,400 municipalities around the world. Its extensive experience is visible in the wide range of services it provides, always with a guarantee of quality and excellence, including the collection, treatment, recycling, energy recovery and disposal of domestic and industrial waste; street and beach cleaning; maintenance of the sewerage network; recovery of contaminated soil or conservation of green areas; among others.