NEW ISSUE: Comunidad Autonoma de Canarias €500m (WNG) 10yr Sust Sr Unsec; SPGB+20a
IGC European Market: Deal Flow - SSA
Issuer
Term
Maturity
Size
Ranking
Type
Guidance
Comunidad Autonoma de Canarias
10yr
30-Apr-36
€500m (WNG)
Sr Unsec
Fixed
SPGB+20a
Guidance: 10yr: SPGB+20a
Issuer: Comunidad Autonoma de Canarias (Ticker: CANARY)
Issuer LEI: 959800RQJLU7MG8QHW51
Issuer Rating: A+ (stab) by S&P
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: 26-Jun-26 (T+8)
Maturity: 30-Apr-36
Coupon: Fixed, Annual, Act/Act, short first coupon
Guidance: SPGB + 20bps area (equiv. ~ MS + 57bps area)
Benchmark Ref: SPGB 3.300% 30-Apr-36
Listing: AIAF
Gov Law: Spanish
Min Denoms: €1k+ €1k
Use of Proceeds: As defined in the Comunidad Autonoma de Canaria’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, Deutsche Bank (B&D), HSBC and Santander