Iberdrola green bond needs no roadshow or new issue pick-up

Iberdrola on Tuesday became the second electricity company to launch a green bond, with a €750m issue that was four times oversubscribed.
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.
That the manoeuvre succeeded suggests that the specialist green investors that ...Already a subscriber? Login