After obtaining a BBB- rating from Ethifinance, Ence registered a sustainable bond programme on 12 January 2026 in the Alternative Fixed Income Market (MARF), with a maximum nominal amount of up to €200 million. Under this programme, the company carried out its first issuance in February for €85 million, with a four-year maturity, bullet repayment at maturity, and a fixed coupon of 410 basis points.
This initiative is part of the company’s financial strategy and reinforces its commitment to sustainable financing and the integration of ESG (environmental, social, and governance) criteria into its business model.
The bonds are linked to sustainability targets and are structured in accordance with the Sustainability-Linked Bond Principles published by the International Capital Markets Association (ICMA). Through this programme, Ence gains access to qualified investors, continues to diversify its medium- and long-term funding sources, and advances in the execution of its strategic growth objectives, with the support of the financial community.
The company was advised by Kenta Capital. Banca March, Sabadell, Renta 4, Kutxabank Investing, and Andbank acted as placement agents. Uría served as legal advisor, and G advisory acted as independent verifier of the sustainability criteria.
