Red Eléctrica has closed the conditions of a bond issue in the Euromarket amounting to 150 million euros and that matures in 2018. The bonds pay an annual coupon of 4.75% and will be issued at a price of 101.447%, representing a yield of 4.436%. The bond issue received requests for more than 750 million euros.
This issue reinforces the position of liquidity of Red Eléctrica and allows progress to be made in covering the financial needs of the next two years.
Once again, the overwhelming response to the issue by investors demonstrates the strong credit standing of the Company and its attractive risk profile.