On June 11th, 2024, CUF – Sociedade Gestora de Participações Sociais, S.A. successfully concluded the issuance of a long 5-year, €60,000,000, sustainability-linked bond, placed through a public offer and with a fixed coupon of 4.75%.
Final demand reached €67.3 million, i.e. 1.12x of the issued amount.
The bonds are sustainability-linked, insofar as the issuer undertook to promote the improvement of two KPI´s: (1) trained administrative and auxiliary staff in inclusive services and (2) electric and hybrid vehicles in CUF´s fleet, with the view to achieving the target by December 31st, 2028.
A Second-Party Opinion issued by EthiFinance, affirmed that this SLB is overall aligned with the Sustainability-linked Bond Principles (ICMA, 2023).
Haitong Bank acted as Joint Global Coordinator in this transaction and is also the paying agent.