FCC MedioAmbiente joins the green bond market to further protect the environment
FCC Medioambiente, one of the largest environmental services in the world, successfully joined the green bond market last December with an inaugural senior unsecured 1.1bn euro dual tranche.
The transaction demonstrates the company’s commitment to sustainability as the proceeds will be used to help improve people’s quality of life.
The company launched a 4 and a 7 year senior green bond whose proceeds will be used to finance new or existing eligible green projects in the following areas: pollution prevention & control, renewable energy, energy efficiency, clean transportation as well as terrestrial and aquatic biodiversity conservation. An ambitious set of goals that are also aligned with many of the United Nations Sustainable Development Goals.
FCC is focusing on technological innovation to improve people’s quality of life and to make cities ever more sustainable. We have been a pioneer in many aspects of environmental services, developing more sustainable vehicles, utilizing treatment technologies to improve recycling and creating the sector’s most comprehensive services management platform. Improving environmental quality is a core objective in FCC’s service delivery
FCC Medioambiente, a Spanish leading waste management company, subsidiary of Fomento de Construcciones y Contratas, operates since 1911 in over 5.000 municipalities globally serving 600 million people.
Societe Generale played an important role in this successful bond issuance and acted as joint bookrunner.
The transaction proves the companies’ strong commitment to the environment. We are proud to support our clients in their commitment to a sustainable future,
Head of Debt Capital Markets in Spain