Santander launches EUR 1bn 7yr SNP Green Bond Enter at least **two characters** to search. SUGGESTED RESULTS THERE ARE NO SUGGESTED RESULTS [SEE ALL RESULTS](https://www.santander.com/en/search-results) # Santander launches EUR 1bn 7yr SNP Green Bond 0 0 Scroll down 13/07/2020 On June 18th, Santander returned to the capital markets with a new 7year Senior Non-Preferred (SNP) Green Bond transaction. This marks Santander’s second Green Bond under our Global Sustainable Bonds Framework, after the €1 billion green bond launched in October last year, a 7-year SP. The Global Sustainable Bonds Framework is an umbrella framework under which Santander is able to issue either Green, Social or Sustainable Bonds. Eligible categories are clearly defined before each issuance through specific Bond Frameworks. *Antonio Torío*, Group VP Head of Funding, said “*The new transaction received strong support from the European SRI Investor community, with an order book of more than 150 accounts, (in excess of EUR 3 Bn in orders), out of which 68% were specialized SRI funds.* In the case of this green bond, the net proceeds will be used to finance and refinance loans related to renewable energy - wind and solar- in line with two UN Sustainable Development Goals ([7](https://sustainabledevelopment.un.org/sdg7 "Open in a new window") and [13](https://sustainabledevelopment.un.org/sdg13 "Open in a new window")), in core countries for the Bank (Europe, US and Latin America) and funded by Santander. Federico Gómez, Head of Sustainability said “Our aim with this new issuance is to finance solar and wind projects, helping the transition towards a low carbon economy and fulfil our public commitment to finance and mobilize EUR 120 billion in green finance to 2025 and EUR 220 billion to 2030.” Santander Corporate and Investment Banking (SCIB) acted as Sustainable Structuring Advisor and Joint Bookrunner on this transaction through which the bank commits to allocate at least half of the proceeds to new assets (generated from this year on). This is one of the highest pledges among the Financial Institutions Group (FIG) Green Bonds, making the offer even more attractive to Socially [Responsible](https://www.santander.com/en/stories/-responsiblebanking) Investors (SRI). 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