Red Eléctrica has closed the conditions of a bond issue in the Euromarket for a total of 400 million euros and that matures in 2022. The bonds pay an annual coupon of 3.875% and will be issued at a price of 99.858%, representing a yield of 3.894%. The bond issue received requests for more than 3,700 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 upcoming years.
Once again, the overwhelming response to the issue by investors demonstrates the strong credit standing of the Company and its attractive risk profile.