especially in sectors where the business activity has a greater impact in regard to the deterioration of environmental resources
and climate change factors. In Red Eléctrica we have transformed a syndicated loan of 800 million euros into sustainable financing,
being the first among European utilities to perform a transaction of these characteristics. One year later, and thanks to our good
sustainability rating, the cost of this loan has been reduced.

How have we accomplished this?
In 2017, we transformed a syndicated loan of 800 million euros into sustainable financing by adding environmental, social and good governance criteria (ESG criteria) to the applicable interest rate. The terms and conditions of the loan were thus linked to the evolution of these parameters based on the rating of Vigeo Eiris and, one year later, thanks to the improvement of the sustainability rating obtained, we have reduced the cost of the syndicated loan. See more information
Benefits of green financing for Red Eléctrica
1. Contribution to the Group's Sustainability Commitment
2. Alignment with the Group's strategy
3. Opening of new financing markets
4. Possibility of reducing the cost of financing
5. Strengthening the relationship with sustainability agencies and financial agents
6. Support for the positioning of Red Eléctrica as a sustainability leader
