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

Iberdrola Aldeavila dam for new website
By Jon Hay
10 Apr 2014

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 ...

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