This operation is the largest green syndicated loan carried out this year in Spain. The financing is linked to Aqualia’s Green Financing Framework, which has received advice from CaixaBank, and which has been backed by a Second Party Opinion from DNV, which has validated the eligibility of the projects that are aligned with the Green Loan Principles. of LMA.
According to Isidoro Marbán, CFO of Aqualia: “This is financing that gives Aqualia great stability in its long-term capital structure at a time when the financial markets present a high degree of volatility and that comes to recognize the solidity of the business and its orientation towards a sustainable economy and services”.
The financing has also had the participation of Allen & Overy and Garrigues as legal advisors for the operation.
Aqualia provides services to 45 million people in 17 countries with sustainability as a strategic asset in its management
Aqualia is the water management company of FCC (51%) and the ethical fund IFM Investors (49%). The company is the 4th water company in Europe by population served and the 9th in the world, according to the Global Water Intelligence ranking (March 2021). It serves 45 million users and promotes long-term projects in 17 countries: Algeria, Saudi Arabia, Colombia, Chile, Peru, Egypt, United Arab Emirates, Spain, France, Italy, Mexico, Oman, Portugal, Qatar, Czech Republic, Romania and Georgia.
The company is positioned as a reference brand in the sector, positioned as avant-garde, specialized, transparent and innovative. Thanks to a committed human team, with great experience, that constantly seeks to improve efficiency in production processes and the optimization of resources and with a clear orientation towards the citizen.
The commitment and responsibility with the municipalities in which Aqualia carries out its activity is not limited only to the provision of the service but goes further: it always seeks to contribute to improving the well-being of people and, especially, of the most vulnerable groups.
CaixaBank, a European benchmark in sustainability
CaixaBank’s initiatives in sustainability focus on promoting the energy transition of companies and society as a whole, through, among others, the development of solutions for individuals with a focus on mobility and sustainable housing, and the promotion of investments with criteria ESG.
Within the framework of the new Strategic Plan 2022-2024, CaixaBank aims to mobilize 64,000 million euros in sustainable financing, through the promotion of various initiatives focused on the offer of products, ESG advice, awareness and training.
CaixaBank has positioned itself as the 6th bank in Europe in terms of green and sustainable loans in the League Tables Top Tier by volume, according to Refinitiv, and is the best placed Spanish bank in this classification.
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