Abertis has closed a new liability management deal with two new bond issuances of its subsidiary in France, HIT, amounting to a total of €1,000Mn. The new issuances have a maturity of 5 years (€500Mn maturing in March 2023) and 10 years (€500Mn maturing in November 2027).
Both emissions, sold among qualified international investors, have been closed with competitive interest rates.
The issue with maturity in 2023 has been closed with an interest rate of 0.625%. It is the bond issue with the lowest coupon in Group’s history. In the case of the 10-year bonds, the interest rate has been set at 1.625%.
In parallel, Abertis has successfully closed an offer to buy back bonds for €140Mn of HIT’s existing bonds maturing in 2021 with a 4.875% coupon.
Active balance sheet management
These deals allow the 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 conditions and continue creating value for its shareholders.
In the last three years, during the 2015-2017 Strategic Plan, Abertis has carried out debt refinancing operations denominated in euros for more than €4,000Mn, reducing its annual financial costs in more than 3%.
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.