Iberdrola taps existing convertible for €249m

Iberdrola_PA_575_375
By Aidan Gregory
29 May 2020

Iberdrola attracted robust demand for a €249m tap of its outstanding equity neutral convertible bonds due in 2022.

Launched after the market close on Thursday evening,the transaction was led by Barclays as sole bookrunner.

The tap was initially sized at €150m, but due to the strength of the demand, this was later increased to €249m. The new bonds were priced at 123.75, with an ...

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