•The issue has been successfully placed with a book 3.6 times oversubscribed and among more than 230 institutional investors.

•The transaction refinances part of the company's existing stock of hybrid bonds through a simultaneous buyback of hybrid bonds for the same amount as the issue.

•This issue reaffirms the market's confidence in the company's financial soundness, maintaining its commitment to its rating and demonstrating active management of its balance sheet.

20 November 2024. - Abertis Infraestructuras has successfully placed today an issue of hybrid bonds for 750 million euros through its vehicle in The Netherlands, Abertis Finance B.V. This issue, placed among international qualified investors, with a wide demand (3.6 times oversubscribed), has perpetual maturity and has been closed with an interest rate of 4.87%. The funds will be used to refinance part of the existing stock of hybrids, through a simultaneous bond repurchase offer (of the €1,250 million bond with call date in February 2026), announced yesterday and whose acceptance period for bids will close on the 2nd December.
With this issuance and simultaneous repurchase offer, Abertis seeks to actively manage its hybrid bond portfolio demonstrating its commitment to its rating and the financing instrument. In addition, Abertis continues to maintain an efficient management of its balance sheet demonstrating once again its ability to take advantage of the opportunities offered by the credit market to obtain attractive conditions.

• Press release