NEW ISSUE: Junta de Andalucia €500m (WNG) long 8yr Sust Bond; SPGB+17a
IGC European Market: Deal Flow - SSA
Issuer
Term
Maturity
Size
Ranking
Type
Guidance
Junta de Andalucia
long 8yr
31-Oct-34
€500m (WNG)
Sr Unsec
Fixed
SPGB+17a
Guidance: long 8yr: SPGB+17a
Issuer:Junta de Andalucia (Ticker: ANDAL)
LEI: 959800G42HFTN7MWAY79
Issuer Rating: A3/A/AH (all stable) by Moody's, S&P and DBRS
Exp. Issue Rating: A3/A/AH by Moody's, S&P and DBRS
Format: Sustainable, Reg S Cat 1, Dematerialised Book-entry form (No sales into Canada)
Ranking: Senior, Unsecured
Risk Weighting: 0% in the Eurozone, LCR Level 1
Size: €500m WNG
Settlement: 12-Jun-26 (T+8)
Maturity: 31-Oct-34
Coupon: Fixed, Annual, Act/Act, long first coupon
Guidance: SPGB + 17bps area (equiv. ~ MS + 48bps area)
Benchmark Ref: SPGB 3.45% 31-Oct-34
Listing: AIAF
Gov Law: Spanish
Min Denoms: €1k+ €1k
Use of Proceeds: As defined in the Junta de Andalucía’s Sustainable Finance Framework
Docs: Exempt from prospectus requirements in Spain. Spanish public debt tax regime. No events of default. No tax gross up
Target Market: The target market for the Bonds is professionals and eligible counterparties (all channels for distribution), each as defined in MIFID II
Bookrunners: BBVA, CaixaBank, Crédit Agricole CIB, HSBC, ING and Santander (B&D)