Vigeo Eiris, second party opinion for the first Chilean long term green bond issued by Esval
With an amount of US 61 million dollars, this long-term issuance will finance projects related to drinking water supply, resilient infrastructure, wastewater sanitation, access to basic services and efficiency in the regions of Valparaiso and Coquimbo
The issue achieved an overdemand that tripled the amount offered to the market, resulting in a record placement rate of 2.60%, which corresponds to the lowest historical rate for 25-year private corporate issues, according to the company. The placement achieved a spread of 67 basis points over the benchmark of reference.
Vigeo Eiris confirmed that the Bond considered by Esval is a “Green Bond” with positive contribution to sustainable development, aligned with the Green Bond Principles, reaching a reasonable level of assurance on the Bond contribution to sustainability.