Neinor Homes has increased the amount of a bond issue to 325 million euros whose funds the company will allocate to the refinancing of existing corporate debt (175 million euros) and «growth opportunities» (150 million euros), according to the information sent to the National Securities Market Commission (CNMV). The bonds will finally have a maturity of 5.25 years (2030) and a cost of 5.875%, excluding the interest rate derivative signed in 2022which represents an improvement in Neinor's general cost of debt of 62.5 basis points. Additionally, the bond has received a 'BB-' rating from Fitch and Standard & Poor's, while the corporate rating is 'B+'. «These ratings illustrate a positive outlook for housing demand in the Spanish market, supported by the strength of the economy and improving affordability. According to the Bloomberg consensus, The Spanish economy is expected to grow by 2.8% and 2.1%clearly outperforming the Euro Zone in general, whose growth is expected to reach 0.7% and 1.2%, respectively,» the company assures. In addition, it details that «even after expansion and cost optimization , investor demand has far exceeded the size of the supply, being over 1.3 billion euros and oversubscribed 4 times«. This issue corresponds to green bonds, and Neinor «has committed to invest an amount equivalent to 100% of income in Eligible Green Projectsas defined in its Sustainable Financing Framework updated in 2024. «We are very satisfied with the result of this issuance, where institutional investors have, once again, supported the company, reflecting confidence in our execution capacity, financial discipline and vision to anticipate investment cycles in the Spanish residential market», assures Borja García-EgotxeagaCEO of Neinor Homes.