New York, June 22 – Iberdrola Finanzas, SAU sold a €150 million add on to its floating-rate green bonds due 2024.
The additional notes have a Euribor plus 67 basis points coupon and were priced at 101.076677 to give a discount margin of Euribor plus 51 bps, according to a term sheet.
Iberdrola priced the original €100 million of notes on Feb. 16 at par.
Proceeds from the new notes will be used for eligible green projects which meet environmental and social criteria.
The bonds are guaranteed by parent company Iberdrola SA.
Iberdrola is a bank based in Bilbao, Spain.
| Issuer: | Iberdrola Finanzas, SAU
|
| Guarantor: | Iberdrola SA
|
| Issue: | Green bonds
|
| Amount: | €150 million add on to existing €100 million
|
| Maturity: | Feb. 20, 2024
|
| Coupon: | Euribor plus 67 bps
|
| Price: | 101.076677
|
| Discount margin: | Euribor plus 51 bps
|
| Pricing date: | June 19
|
| Settlement date: | June 22
|
| Ratings: | S&P: BBB+
|
| Moody’s: Baa1
|
| Fitch: BBB+
|
| Distribution: | Regulation S
|
|
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
