Abertis alert to Spanish rally and pockets €700m for LM

By Jon Hay
17 Jun 2014

Abertis Infraestructuras, the motorways, airports and broadcasting infrastructure group, on Tuesday became the second Spanish company to take advantage of the recent rally in peripheral spreads by issuing a corporate bond.

On Monday, Red Eléctrica, the country’s electricity grid rated BBB/A-, had sold a €300m nine year bond at 78bp over mid-swaps.

“Abertis went pretty well, bearing in mind that it was a rather busy day, but as they hadn’t been active for quite a while the strong response ...

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