Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Bolsas y Mercados Espanoles  >  Banco Santander, S.A.    SAN   ES0113900J37

BANCO SANTANDER, S.A.

(SAN)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations
The feature you requested does not exist. However, we suggest the following feature:

Banco Santander S A : Santander Bank Polska supports TAURON's Green Turnaround. The first sustainability-linked bonds are launched on the Polish market

share with twitter share with LinkedIn share with facebook
10/23/2020 | 09:00am EDT

Santander Bank Polska is the coordinator, lead arranger and bookrunner of the first sustainability-linked bond issue for TAURON Polska Energia S.A. worth PLN 1 bn. The funds from the transaction will be used, among others, to increase the share of zero-emission energy sources in the generation structure of TAURON Group.

The issue executed for TAURON Polska Energia S.A. will be the first issue of sustainability-linked bonds in Poland and the largest bond issue in the corporate sector since the introduction in Poland of the lockdown caused by the coronavirus pandemic. The funds from the issue will support the transformation of the TAURON Group and will be used to finance the costs of construction/acquisition of projects involving renewable energy sources, to finance distribution and general corporate activities of the Issuer's Group related to RES or the transformation towards zero emissions, as well as to refinance the debt incurred by the Issuer's Group to finance the above projects.

Notably, the funds raised from the bonds will not be available for financing new and existing coal units, activities of Tauron Wydobycie S.A. and Tauron Wytwarzanie S.A. (in case of undertakings other than those mentioned in the paragraph above). Moreover, the above objectives were additionally supported by the introduction of specific sustainable development indicators to the bond issue terms and conditions and making the interest margin conditional on their achievement.

'Today it is difficult to imagine sustainable development without sustainable finance. That is why Santander Bank Polska is deeply involved in the processes supporting and shaping the green transformation of enterprises , which resulted, among other things, in the decision to withdraw from financing coal-based investments. At the same time, we are a partner of changes in business by offering companies, as the first bank in Poland, financing related to the implementation of Sustainable Development Goals. This form of financing defines modern business, bringing benefits to the environment.,' comments Aleksander Piniński, Corporate and Investment Banking Director at Santander Bank Polska.

'The funds obtained from the bonds will be one of the driving forces behind TAURON's Green Turnaround. We are primarily interested in increasing the share of renewable energy sources in our generation structure and quickly reducing CO2 emissions. Our plan is to cut emissions by more than 50 percent by 2030. The bond issue is another step in building a diversified financing of the Group's non-carbon activities,' says Wojciech Ignacok, President of the Management Board of TAURON Polska Energia S.A.

The TAURON Group, together with the issue coordinator, has defined the following indicators: CO2 emission reduction rate (2% per year on average) and RES capacity increase rate (8% per year on average). If these indicators are not met, the base margin will be increased in accordance with the provisions of the issue terms and conditions. Every year an independent auditor will certify the correctness of the calculations of the sustainable development indicators.

'Issuance of green bonds, ESG-linked loan agreements and finally sustainability-linked bonds are solutions that we successfully launched on the market as the first bank in Poland. We are glad that we can support our customers' ambitious goals with such solutions,' comments Kamil Witkowski, Manager DCM Santander Bank Polska.

One of the pillars of Santander Bank Polska's Responsible Banking strategy is sustainable financing, understood, among others, as the development of products based on Sustainable Development Goals or ESG indicators and contributing in this way to the increase of the RES share in our energy system. The issue of sustainability-linked bonds by TAURON Polska Energia S.A. is another transaction that fits into the implementation of these objectives. This year alone, Santander Bank Polska co-financed the largest contract in Poland worth PLN 350 million for the construction of photovoltaic farms, with a total capacity of 121 MWp. This will enable the launch of 128 solar power plants in Poland within the next 2 years. The bank has also financed a 121 MW wind farm construction project for Poland's leading producer of green energy, and recently provided funding of PLN 165.4 million to deliver 50 zero-emission buses to the Municipal Transport Company in Krakow.

Disclaimer

Banco Santander SA published this content on 23 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 October 2020 12:59:00 UTC


share with twitter share with LinkedIn share with facebook
All news about BANCO SANTANDER, S.A.
10/23BANCO SANTANDER S A : Santander Bank Polska supports TAURON's Green Turnaround. ..
PU
10/22BANCO SANTANDER S A : Mouro Capital Joins US$15M Series A Funding Round of leadi..
PU
10/22BANCO SANTANDER, S.A. : quaterly earnings release
10/21Spanish court clears banks of market abuse in mortgage case
RE
10/21Supreme Court says Spanish mortgage price index IRPH was not market abuse
RE
10/20SANTANDER : Goldman Sachs maintains a Buy rating
MD
10/19Sabadell set to speed up cost cutting at Britain's TSB
RE
10/19ECB's De Guindos says mergers can improve banks' profitability
RE
10/19BANCO SANTANDER S A : European Banks Await Green Light for Cash Dividend Payment..
DJ
10/19BANCO SANTANDER S A : Santander's CEO Says Dividend Can Help Reducing Cost of Ca..
RE
More news
Financials
Sales 2020 44 266 M 52 503 M 52 503 M
Net income 2020 -9 400 M -11 150 M -11 150 M
Net Debt 2020 - - -
P/E ratio 2020 -3,08x
Yield 2020 3,58%
Capitalization 28 938 M 34 254 M 34 324 M
Capi. / Sales 2020 0,65x
Capi. / Sales 2021 0,66x
Nbr of Employees 194 284
Free-Float 98,5%
Chart BANCO SANTANDER, S.A.
Duration : Period :
Banco Santander, S.A. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends BANCO SANTANDER, S.A.
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 26
Average target price 2,39 €
Last Close Price 1,74 €
Spread / Highest target 144%
Spread / Average Target 36,8%
Spread / Lowest Target -26,4%
EPS Revisions
Managers
NameTitle
José Antonio Álvarez Álvarez Chief Executive Officer & Vice Chairman
Ana Patricia Botín-Sanz de Sautuola O'Shea Executive Chairman
Dirk Kudwig Marzluf Group Head-Technology & Operations
José Antonio Garcia Cantera Group Chief Financial Officer
Rodrigo Echenique Gordillo Non-Executive Director
Sector and Competitors