ACCIONA Energía successfully completed the placement of a €500 million ten-year green bond issuance. The transaction closed yesterday at a spread of 98bp over mid-swap, with a 1.387% yield for investors.

Nearly 80% of the bonds have been allocated to investors with a focus on sustainability, validating ACCIONA Energía's attractiveness as an 100% renewable independent electric utility and its sustainability credentials. Geographically, 45% of the bonds were placed with investors in Germany and Austria.

The bonds will be rated BBB- by Fitch and BBB (high) by DBRS – both at investment grade – and will be allowed to trade on Euronext Dublin, under the Euro Medium Term Note (EMTN) program established by ACCIONA Energía in July for a maximum amount of €3 billion.

ACCIONA Energía plans to double its size in terms of total installed renewable energy capacity, from 10.7GW in 2020 to 20GW in 2025, with an related investment of €7.8 billion.

ACCIONA Energía received an investment grade credit rating from Fitch and DBRS at the end of August. In June, the company received the best environmental, social and corporate governance (ESG) rating in the global energy sector in a cross-sectoral assessment by S&P Global Ratings.