- ACCIONA's access to the Samurai loan market reinforces its strategy of diversifying funding sources to optimize its financial structure and demonstrates its growing interest in the Asia-Pacific region.
ACCIONA has become the first Spanish company to close a Samurai loan, a cross-border yen-denominated loan underwritten in the Japanese market by international issuers. The company closed its debut green loan, made up of two tranches (3-year term and 5-year term), with a total value of ¥45 billion (€280 million).
The loan has been issued under ACCIONA's Sustainable Impact Financing Framework, where in addition to its green classification for earmarking the funds for climate change mitigation activities, the loan includes a local impact initiative to support the development of zero- or low-emission products and industry through sustainable procurement commitments. In this way, ACCIONA will also contribute to reducing its Scope 3 GHG emissions.
ACCIONA's access to the Samurai loan market reinforces its strategy of diversifying funding sources to optimize its financial structure and demonstrates 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 acted as Joint Coordinators, with Mizuho acting as Green Loan Coordinator and Documentation Agent, while MUFG acted as Facility Agent. The transaction has received commitments above the initial target amount for both the 3- and 5-year tranches.
"Our Japanese financing partners have shown confidence in our business model, focusing on sustainable infrastructure development, which has been key to the success of the transaction. We are grateful for their trust and the commitment they have shown," said José Ángel Tejero, ACCIONA's Chief Financial and Sustainability Officer.
The signing of this first Samurai loan is a new milestone for ACCIONA and its track record in the sustainable debt market. ACCIONA issued its first green bond in 2016 and has closed the 2023 financial year with 78% of its corporate debt in sustainable financing structures. In the last seven years, the company has closed more than 70 transactions, including bilateral and syndicated loans, private and public bonds, credit lines and other instruments under its sustainable financing frameworks.