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green bond

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Telefónica’s recent release of a green bond, valued at €1,750 million, experienced an impressive demand. The bond’s oversubscription tripled, indicating keen investor interest in the telecommunication giant’s ecological endeavors. The bond, which will fund projects aimed at modernizing both fixed and mobile telecom networks, is aligned with Telefónica’s goal of dedicating roughly 40% of total funding to ESG criteria by 2026, underpinning the company’s pledge to integrate environmental and financial sustainability.