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Tubacex Renews €200 Million Sustainability-Linked Promissory Notes Program

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Tubacex Renews €200 Million Sustainability-Linked Promissory Notes Program

Confident Investing Starts Here:

An update from Tubacex ( (ES:TUB) ) is now available.

Tubacex S.A. has announced the renewal of its promissory notes issuance program, with a focus on sustainability, amounting to up to 200 million euros in the Alternative Fixed Income Market. This move, authorized by the company’s General Shareholders’ Meeting and executed by the Board of Directors, underscores Tubacex’s commitment to sustainable financial practices and may enhance its market position by aligning financial operations with environmental goals.

The most recent analyst rating on (ES:TUB) stock is a Buy with a EUR4.70 price target. To see the full list of analyst forecasts on Tubacex stock, see the ES:TUB Stock Forecast page.

More about Tubacex

Tubacex S.A. operates in the industrial sector, focusing on the production of seamless stainless steel and high-alloyed tubular products. The company serves various markets, including the energy sector, with a strong emphasis on sustainability and innovation.

YTD Price Performance: 27.88%

Average Trading Volume: 353,937

Technical Sentiment Signal: Strong Buy

Current Market Cap: €467.1M

See more data about TUB stock on TipRanks’ Stock Analysis page.

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