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Iberdrola captures 750 million in green bonds at 1,575% By EFE

by souhaib
November 9, 2021
in Forex
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© 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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Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.



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