Iberdrola ( (ES:IBE) ) has provided an announcement.
Iberdrola has announced the issuance of green bonds worth 400 million euros, maturing in 2030, linked to the company’s share value. The bonds, which carry a 20% premium over the reference share price, align with the Green Bond Principles of the International Capital Market Association, underscoring Iberdrola’s commitment to sustainable financing. This move is expected to bolster Iberdrola’s position in the green energy sector and provide financial backing for eligible green projects, although it carries potential risks related to market conditions and project impacts.
More about Iberdrola
Iberdrola, S.A. is a leading multinational company in the energy industry, primarily engaged in the production and distribution of electricity. The company focuses on renewable energy sources and sustainability, positioning itself as a major player in the green energy market.
YTD Price Performance: 17.66%
Average Trading Volume: 2,121,038
Technical Sentiment Signal: Strong Sell
Current Market Cap: €99.76B
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