Iberdrola raises €450m from unique equity-neutral green convertible
![Iberdrola sign, Valencia Spain](https://assets.euromoneydigital.com/dims4/default/e4d3cbb/2147483647/strip/true/crop/5242x3495+0+0/resize/840x560!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2Fe3%2F8e%2Fba77b7d14c4f9557ce5c43777717%2Fiberdrola-2-alamy-575-375.jpg)
The Spanish utility company has reimagined a structure that vanished from the convertible market for over two years
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