BBVA issues structured green bond for Mapfre

Eugenia Jiménez
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BBVA issues structured green bond for Mapfre

Spanish banking group BBVA has issued its first structured green bond using blockchain in a private placement to Mapfre. Mapfre has invested €35m six year term bond linked to the evolution of the five year euro swap rate in a product that has been designed according to the required rate of return, terms, and risk tolerance of the investor, "in this case of Mapfre,"says BBVA. Structured bonds are negotiable assets with a fixed maturity and a return that can be based on interest rates, sh...

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