29. July 2021 Meghan Sapp

Biodiesel de Aragón registers EUR10M green bond issuance on Spanish exchange

In Spain, Cinco Días reports Biodiesel de Aragón (Bioarag) has registered in the MARF Market of Bolsas y Mercados Españoles (BME) its first green bond issuance program for a total amount of EUR10 million, which will allow it to access new financers by issuing during the next 12 months of medium and long-term bonds.

With this debut, Bioarag becomes the sixth issuer of sustainable bonds in MARF. Founded in 2006, it specializes in the production, storage, marketing and distribution of biofuels and, in particular, ‘double counting’ and advanced biodiesel. Bioarag obtained in 2020 a turnover of EUR48.5 million and an ebitda of EUR3.6 million.