Iberdrola Issues Green Bonds in US Dollars Exceeding 1.4 Billion Euros

✦ Meridian Analysis

Iberdrola has signed a green‑bond programme that will place US‑dollar‑denominated securities totalling over €1.4 billion. The issuance is split into two tranches, one with a three‑year maturity and the other with a seven‑year maturity, and will be offered to investors under a standard bond‑sale process. No lenders or co‑investors have been disclosed. The mechanics are those of a conventional senior unsecured bond issue, with the green label requiring external verification of the use of proceeds, but the pricing, coupon structure and lead‑manager syndicate have not been made public. Deal professionals will be watching for the coupon rates, the exact allocation of proceeds and the identity of the underwriting banks, none of which were disclosed in the announcement.

The Meridian Weekly