Banco Santander launches a socially responsible bond aimed at retailers | Markets

Banco Santander has launched a bond for individuals under environmental, social and corporate governance (ESG) criteria, giving its clients the possibility of investing in a product with a positive impact, since the funds will be used to finance wind and solar energy projects.

However, the interested retailer must meet a series of requirements, such as subscribing a minimum of 5,000 euros, being a client of the business segments, high income (select), private banking, micro-businesses, financial intermediaries and private institutions, and having at less two years of experience in risk products.

The yield of the bond, with a maturity of three years, is linked to the evolution of the Eurostoxx 50 ESG-X index. The entity will publish an annual report detailing the use of the funds and the impact the financing is having.

With this green bond, Santander makes its debut among retail investors with an interest in socially responsible investment, after launching in October 2019 one aimed at institutional funds for the amount of 1,000 million euros.

The product for institutional companies has made it possible to finance 32 solar and photovoltaic projects with an installed capacity of more than 6,300 megawatts (MW). In addition, last June, it launched another green bond, a non-preferred senior issue of 1,000 million euros.

With these launches, the group maintains its firm commitment to sustainability and to achieve the objective of providing more than 120,000 million euros in green financing by 2025, a figure that will rise to 220,000 million until 2030.


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