P. Morgan, Morgan Stanley and Santander have been selected as lead managers.

Spain mandates new 20-year green bond syndication, seeks to raise €4 billionSpain has announced a new initiative requiring banks to participate in a syndicated 20-year green government bond, aimed at generating about four billion euros soon. P.

Morgan, Morgan Stanley, and Santander will manage the offering. * ⁠Proceeds will be used in line with Spain's updated Green Bond Framework, the memo said.