Spanish utility company Iberdrola S.A. closed an issuance of €1bn in green bonds priced at 99.943% of their nominal value. Proceeds would be utilized to refinance its onshore wind park assets in Spain, Portugal and the UK.
Green bonds are issued to fund projects that have positive environmental and/or climate benefits.
The notes pay an annual coupon rate of 1.125% and mature on 21 April 2026.
Lenders to the notes are as follows:
- Banca IMI SPA
- Banco de Sabadell SA
- BNP Paribas
- Caixabank SA
- Citigroup Global Markets Ltd
- HSBC Bank Plc
- Merrill Lynch International
- Mizuho International Plc
- The Royal Bank of Scotland Plc