Abertis Infraestructuras successfully sold today €1.25Bn hybrid bonds. This new issuance, that has been sold among international qualified investors, has a perpetual maturity and a 3.25% interest rate. It is Abertis' first issue of hybrid debt instruments. The funds will be used to refinance existing debt maturities.
This issue is part of the new financial policy recently announced by the company, which includes a program to issue hybrid bonds in the medium term for a total of €2Bn. This new financial policy is designed to provide additional headroom for Abertis to protect current rating levels and continue the process of growing the perimeter of the company, with deals such as the recent acquisition of Elizabeth River Crossings (United States).
This is Abertis Infraestructuras' third issue in the capital markets and the Group's fifth this year. Abertis Infraestructuras issued a €900 Mn 9-year bond last June and a €600 Mn 8-year bond in February. In total, the Abertis Group has carried out refinancing deals for €3.95Bn in 2020. Abertis Infraestructuras has a solid liquidity position of more than €5 Bn and does not have significant debt maturities until 2023.
Abertis has also announced a repurchase offer for a maximum of €1Bn of bonds issued by the company maturing between 2024 and 2027. The period of acceptance rswill be closed on November 23rd.
12 November 2025
•The operator wins the tender to continue operating Autopista Fluminense with a new contract that includes an investment plan (aprox. 500 million euros over seven years) to improve mobility and a tariff adjustment as a result of the new investments, along with a 21-year extension.
•José Aljaro, CEO of Abertis, highlighted that “this operation represents a key opportunity for Abertis by extending a strategic asset and strengthening our position as a leader in Brazil, where we manage more than 3,000 kilometers of highways, a significant part of Abertis’ total network of 8,000.”
•Arteris, Abertis’ subsidiary in Brazil, has been the largest investor in the federal highway concession program in the last decade.
21 October 2025
•The issue has been successfully placed with a book of more than 5 times oversubscribed among circa 100 institutional investors.
•The transaction was closed with a yield of 4.375%, which represents a lower cost than the last issuance in May.
•This issue reaffirms the market's confidence in the company's financial strength, maintaining its commitment to its rating and demonstrating active management of its balance sheet.