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Iberdrola has been granted a €200 million loan

Published on Nov. 28, 2011

Read Iberdrola has been granted a €200 million loan

Las week Iberdrola received a €200 million loan from the EIB, European Investment Bank. The money will be destined to optimize and modernise its electricity distribution network. The agreement was signed last week in Luxemburg by EIB Vice-President Magdalena Álvarez Arza and IBERDROLA Chairman Ignacio Sánchez Galán.

This loan will support Iberdrola´s investment program, which implies not only the upgrading of the now existing network, but developing a large list of new facilities, with the purpose of increasing safety, reliability and efficiency of energy supply, matching the expected increase in demand in the coming years for the benefit of both, customers and producers.

Among the new facilities to be installed, are the smart meters which will provide customers with ...

Iberdrola issues bonds for 600 million euro

Published on Oct. 17, 2011

Read Iberdrola issues bonds for 600 million euro

Iberdrola has placed a €600 million issue of 4-year eurobonds maturing in January 2016. With this issue, the company reopens the private debt market with this bond issue. Its strong international presence and improving conditions after the extreme volatility that emerged during the summer have facilitated the operation.

The issue has been placed between 300 investors of more than 15 countries and has had strong demand, equivalent to 4.500 million euro. Of the total takeup, 85% was from abroad.

Coupon was set at 4.75%, in line with all Group bond issues over the past two years which have been below 5%. Lead arrangers were BBVA, Deutsche Bank, Goldman Sachs International, ING Bank NV, Merrill Lynch International and Mizuho ...

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