Portuguese cement company Secil issues Green Bonds for EUR 75 M
- Portugal Business News
- Feb 8, 2023
- 1 min read
Portuguese cement company Secil will be issuing Green Bonds totaling EUR 75 million in order to finance its Clean Cement Line (CCL) that is produced in Setúbal in southern Portugal.
Portuguese company Secil (Companhia Geral de Cal e Cimento) obtained two debenture loans under its Secil Green Bonds 2030, one at a fixed-rate and the other at a floating rate. The bonds will be issued until January 25th 2024 with a maturity of up to seven years.
The Clean Cement Line is produced according to an innovative technology that makes it possible to reduce the dependency on fossil fuels. The sustainable product will provide increased energy efficiency as well as a low-carbon clinker that will lead to a range of cements that will have a low ecological impact.
Secil is a Portuguese company that produces and sells cement, concrete, aggregates, mortars and hydraulic lime. The company also operates in the circular economy sector with the use of waste products as an energy source.
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