The Abertis Group successfully closed today a new liability management deal, a €600Mn bond of its subsidiary in France Holding d'Infrastructures de Transport (HIT), which controls 100% of Sanef. The bond issuance, that has been sold among international qualified investors with a vast 5x oversubscription volume, has a 9-year maturity and a 1.6% coupon, which is lower than HIT’s last issue although having a longer maturity. The funds will be used to refinance short-term debt maturities.
The issue has been carried out in a context of traffic recovery, particularly in France, the Group’s main market, where the decrease has been limited to -5,8% in August.
This is HIT's second issue and the Group's fourth this year. HIT already succeeded with a €600Mn 7-year issue in April, in the middle of the coronavirus crisis. Also Abertis Infraestructuras issued a €900Mn 9-year bond last June and a €600Mn 8-year bond in February. The Abertis Group has carried out refinancing deals for totally €2.7 Bn in 2020.
This deal allows the Abertis Group to extend its debt’s maturity profile, to deliver on its active balance sheet management strategy and to illustrate the company’s ability to finance itself at attractive condition, even in the current scenario of uncertainty due to the coronavirus crisis.
3 December 2024
•The celebration took place at the Círculo de Bellas Artes in Madrid and was attended by the Minister for Inclusion, Social Security and Migration, Elma Saiz; Elena Salgado, president of the Abertis Foundation; Juan Santamaría, president of Abertis; José Aljaro, CEO of Abertis; accompanied by representatives from the social, political and economic spheres who have formed part of the Abertis Foundation over its 25-year history.
Madrid, 3rd December 2024.- The Abertis Foundation celebrated its 25th anniversary with a commemorative event at the Círculo de Bellas Artes in Madrid, which was presided over by His Majesty King Felipe VI and attended ...
5 June 2024
•The event, conducted by the Abertis Foundation's president, Elena Salgado, was a key meeting point for leaders, experts and professionals committed to road safety and mobility, like the Director-General for Traffic, Pere Navarro, as well as some of the partners and institutions that have supported the Foundation's work over the years, such as UNICEF Spain and the Polytechnic University of Madrid through the Abertis Chairs programme.