According to the bank website, the project involves the purchase of Green Bonds and /or Green Hybrid Bonds to finance newly built electricity transmission schemes included in the Spanish 2021-2026 Electricity Transmission Grid Development Plan.
The bonds will be issued under Redeia's green finance framework and will follow the Green Bond Principles (GBPs) of the International Capital Market Association (ICMA). The use of proceeds is described in Redeia's green finance framework and will include both new and refinanced assets. By the end of the allocation period, the issuer will have allocated a portion of the funds to an agreed amount of new eligible investments. The underlying projects will be located in Spain.
No contact information was provided at the time of the disclosure.
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