BBVA issued the largest green bond from a Eurozone bank today (Thursday), a EUR1bn seven year senior non-preferred deal that inaugurated a new SDG-aligned framework and attracted more than EUR2.5bn of demand despite coming relatively tight in a recovering market.

It is the first bond issued under a Sustainable Development Goals (SDGs) Bond Framework announced by Banco Bilbao Vizcaya Argentaria (BBVA) last week, whereby the uses of proceeds are mapped to various SDGs.