Sacyr files to register a green asset securitization fund in the alternative fixed-income market (MARF) for €104m

  • The issue has obtained the Green Bond classification according to the characteristics of the project’s whose rights have been transferred.
  • Banco Sabadell was the structurer and placement agent for the operation, and the fund is managed by Intermoney Titulización.
  • Axesor Rating has classified the issuance with an A- rating.
  • The profits will be used to reduce Sacyr’s net recourse debt. The company has set the goal to reduce it to €100 million in 2025.

The Alternative Fixed-Income Market (MARF) of BME has admitted for trading a securitization issue for the securitization fund Sacyr Green Energy Management, valued at €104 million.

With the proceeds from the placement, the securitization fund acquires Sacyr Industrial Operación y Mantenimiento (SIOM)‘s current or non-current accounts receivable, as a consequence of the operation and management contracts that SIOM is executing for five co-generation plants, two biomass plants and two industry-grade oil pomace extraction plants in Andalucía. The fund is managed by Intermoney Titulización.

Banco Sabadell is the structurer for the operation, as well as the registered advisor, agent and payment agent of the transaction.

The profits obtained from this operation will be used to reduce its net recourse debt, in line with the company’s commitment to cut its debt down to €100 million in 2025.

Green bond classification

The securitization bonds have been classified as Green Bonds, according to the characteristics of the projects whose rights have been transferred and comply with the ICMA’s Green Bond Principles, as confirmed by G-Advisory’s second opinion. The issue has received a A- (sf) rating by Axesor Risk Management.

Banco Sabadell is the bookrunner and paying agent for the issuance, as well as the registered advisor for the securitization fund before the MARF. J&A Garrigues acted as the legal advisor of the participants in the constituting of the securitization fund and in the bond issue registration in the MARF.


is a multinational P3, infrastructure and services group, developer of complex, innovative and sustainable projects. Our international experience makes us a benchmark company with activity in more than 20 countries all over the world. At Sacyr, we are committed to our environment to contribute to the development of the communities where we operate. Sustainability is the cornerstone of our strategy, as acknowledged by Sustainalytics, that ranked us as the 6th Construction and Engineering company internationally. Sacyr is a publicly traded company and is part of IBEX Medium Cap®.

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