Iberdrola electrifies hybrid market with €3bn trade as jumbo hybrids in vogue

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Iberdrola electrifies hybrid market with €3bn trade as jumbo hybrids in vogue

Iberdrola, the Spanish energy utility, launched a €3bn dual tranche hybrid capital bond on Wednesday, as syndicate bankers say the hunt for yield is encouraging issuers to push boundaries on the amounts they raise in hybrid issues.

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