Metrotenerife has successfully refinanced all of its bank debt, contracted since the beginning of its activity for the construction and commissioning of the current Tramway Lines.
This Green Bond issuance is in line with the United Nations Sustainable Development Goals as Metrotenerife is dedicated to clean and non-polluting passenger transport.
With this issuance, which represents its debut in the capital markets, the Project Finance modality is no longer used and is replaced by a fixed-income issuance, aimed at professional investors, both domestic and international.
The amount issued totals 130 million EUR at 15 years and has been placed at par with a profitability of 1.229%. This transaction will result in financial cost savings for the company compared to the previous bank debt structure. The bonds have been subscribed by around twenty investors, 40% of which are national and 60% international.