New York, United States, October 5, 2021.-
Sacyr Concesiones has won the LatinFinance award in the category to best financing in local currency for the social bond issue to refinance Montes de María roadway P3 for 209 million dollars (760 billion Colombian pesos).
For the award ceremony, this prestigious publication considered aspects such as the agreement’s execution, the size of the financial operation in Colombian pesos, the process’ complexity, the innovation, how it was structured and how relevant the operation was to this market.
This bond issue was aligned with Sacyr’s 2021-2025 Strategic Plan, which anchors sustainability as the cornerstone for the company's actions. The issuance is backed by the U.S. International Development Finance Corporation (DFC) and expires in 24 years, that is May 2045.
The classification as social bond for the issuance, is preceded by an evaluation and analysis process by an independent third party (V.E.) that confirms the bonds alignment with a series of criteria defined by the ICMA (International Capital Markets Association) under the “Social Bond Principles 2020”. Among other factors, they assess the positive impact that the project will bring to the nearby communities to the project’s influence area.
BTG Pactual and Santander act on this issue as bookrunners for the placement. Santander has also served as the structuring bank for the process of obtaining the social bond classification for the issuance.