© Reuters. Iberdrola captures 750 million in green bonds at 1,575%
Madrid, 9 nov (.).- Iberdrola (MC 🙂 has placed on the market 750 million in green hybrid bonds at 1.575% interest, below the 2% established at the beginning of the placement.
According to market sources, the demand has been placed at 2,300 million euros, more than three times higher than that offered by the energy company, which will use these funds to finance or refinance “green” projects.
It is perpetual debt, although there is an option for early repayment in the sixth year. Until then, the securities will accrue an annual coupon of 2% and afterwards the interest will be recalculated every five years.
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