Business
CGD issues €500 million in green bonds at 4.5% amid strong demand
Caixa Geral de Depósitos (CGD) will issue €500 million in green bonds with a 4.5% interest rate, attracting significant interest from investors.

Caixa Geral de Depósitos (CGD) plans to issue up to €500 million in senior green bonds, with a maturity set for 2030. According to Bloomberg, the operation is expected to carry an interest rate of around 4.5%.
According to information from Bloomberg, the issuance will be aimed at institutional investors, highlighting its goal to fund projects that meet environmental and sustainability criteria.
Additionally, the issuance is expected to receive a rating of 'A' from S&P, 'Baa1' from Moody's, and 'A (High)' from Morningstar DBRS. These ratings reflect the quality of the issuance and its robustness in the market.

Investor response has been significant, with demand being 6.6 times higher than the amount offered, indicating strong interest in the sustainable financial responsibilities provided by CGD.
These figures demonstrate a growing appetite among investors for green debt instruments, aligned with sustainability goals and responsible investing.
The CGD issuance is viewed as a response to the increasing pressure on financial institutions to adopt investment practices that favor environmental sustainability.