Instituto De Crédito Oficial (ICO) is a public financial institution established in 1971 and headquartered in Madrid, Spain. Its primary purpose is to promote economic growth and development by providing financing for various projects, primarily in the public and private sectors. ICO offers a range of financial services, including direct loans, guarantees, and support for international trade, catering to businesses and entrepreneurs across Spain.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
ICO began issuing bonds in 2004 to diversify its funding sources and support its financing activities. Notably, the institution made headlines in 2020 with the issuance of €1 billion in green bonds, aimed at financing environmentally sustainable projects. Currently, ICO's bond yields remain competitive within the industry, thanks in part to its strong credit rating and the backing from the Spanish government, further solidifying its position as a reliable issuer in the market.