Iberdrola has completed a European senior green bond issue with four-year and 10-year maturities. The proceeds will be used to finance grid investments in the main countries where the company operates and to selectively refinance renewable energy projects, in line with its strategic plan.
The transaction raised €1.5 billion through two tranches and attracted demand of more than €4.5 billion, allowing Iberdrola to improve the initial terms of the issue. More than 330 qualified international investors participated, primarily from France (23%), the United Kingdom (22%), and Spain and Portugal (16%).
The first tranche totals €750 million, carries a 3.125% coupon and matures in June 2030. The second tranche, also valued at €750 million, has a 3.75% coupon and matures in June 2036.
