Iberdrola’s €750m green bond: no roadshow, no new issue premium

Iberdrola on Tuesday became the second electricity company to launch a green bond, with a €750m issue that was four times oversubscribed.

  • By Jon Hay
  • 08 Apr 2014

Unlike all previous corporate green bond issuers, the Spanish generator did not hold a roadshow for the deal – a surprising decision, since the main purpose of green bonds is to attract attention to the issuer’s environmental credentials.

Instead, the Baa1/BBB/BBB+ rated company launched the bond this morning ...

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