Iberdrola reduces loan to €2bn as it refinances

Iberdrola, the Spanish electricity company, has signed a €2bn five year refinancing facility, becoming the latest in a flurry of investment grade firms to sign deals before the Christmas break.

  • By Michael Turner
  • 13 Dec 2013

The new loan refinanced a €3bn deal from 2009. Iberdrola took less this time because it didn't need any more, according to a senior loans banker.

The banks on the 2009 deal were BBVA, Bankia, Barclays, Bank of Tokyo-Mitsubishi UFJ, BNP Paribas, Citi, Crédit Agricole, HSBC, ING, Intesa ...

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