The Diplomat
Acciona has got a ‘samurai’ loan of 45,000 million yen (280 million euros), becoming the first Spanish company to subscribe to this type of cross-border loans denominated in yen and subscribed in the Japanese market by international issuers, Europa Press reports.
The loan has been issued under Acciona’s so-called ‘Impact Financing Framework’, which allocates funds to activities that contribute to the mitigation of climate change, as well as local impact initiatives to support the development of products and industries from scratch. or low emissions through sustainable purchasing commitments.
The company defends in a statement that its access to the ‘samurai’ loan market reinforces its strategy of diversifying financing sources to optimize its financial structure, while demonstrating its growing interest in the Asia-Pacific region.
The transaction has received the support of 17 banks, of which 11 are new financial partners for the company, mainly Japanese regional banks.
MUFG and Mizuho have been the joint coordinators, the first as ‘facility agent’ and the second as ‘Green Loan Coordinator and Documentation Agent’, with the operation receiving commitments above the initial target amount in both 3 and 5 year tranches.
“Our Japanese financial partners have demonstrated confidence in our business model, focused on the development of sustainable infrastructure, which has been key to the success of the transaction. “We are grateful for this trust and the commitment they have shown,” said the General Director of Economic, Financial and Sustainability of Acciona, José Ángel Tejero.
Acciona issued its first green bond in 2016 and has closed the 2023 financial year with 78% of its corporate debt with sustainable financing structures. In the last seven years, it has closed more than 70 operations, including bilateral and syndicated loans, private and public bonds, lines of credit and other instruments under its sustainable financing frameworks.
