• The company will allocate the funds to both environmental projects -related to the transformation of networks and their impact on energy efficiency- and social projects, with the aim of promoting inclusive connectivity, entrepreneurship and employment generation.
• Telefónica continues to proactively manage its debt reinforcing the strength of its balance sheet, with a very positive response from investors.
• With this transaction, the company reinforces its commitment as one of the leading Telco issuers of ESG financing on a global scale, also as a pioneer, following the issuance of the industry’s first green bond in 2019, the first green hybrid instrument (2020) and two sustainable hybrid instruments (2021). In total, Telefónica has issued capital market transactions amounting to €4.25 billion.