Junta de Castilla y Leon
Valladolid, Spain| Invested through |
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|---|---|
| Asset Classes | Impact bonds |
| Impact strategy | Impact Equities and Bonds |
| ISIN code | ES0001351602 |
Castilla y León is the largest province of Spain, occupying 19% of Spain's mainland territory. The landlocked region is situated in northwestern part of the country. With a population of 2.3 million, Castilla y León is the most sparsely populated region. Valladolid is the de facto regional capital.
The Junta de Castilla y León is the governing and administrative body of the region. In recent years, the Junta de Castilla y León has formalised strategies and identified budget to promote and revitalise the economy. It aims to provide high-quality services and provide strong social support. By implementing different public policies and programs, the goal is to promote sustainable social, environmental and economic development.
Investment rationale
This debut issuance by the Junta de Castilla y Leon predominantly focuses on social development. Almost half of the proceeds are earmarked to improve access to essential services. These include education and healthcare, access to which is generally more difficult in rural areas. Better education is associated with improved economic circumstances and higher employment levels, a higher life expectancy, stronger participation in politics and lower violence rates, while better healthcare promotes well-being and the quality of life. The overall goal is to bring long-term benefits to society by strengthening public infrastructure, promoting equality and well-being and increasing access to services and infrastructure.