Ferrovial places a 500 million euro 6-year bond at a 0.375% coupon Published on 07/09/2016

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  • The company took advantage of current market conditions, including low interest rates.
  • The bond is eligible for the European Central Bank’s corporate sector purchase programme (CSPP).

Madrid, 07/09/2016.- Taking advantage of the current market conditions with low interest rates, Ferrovial today successfully priced a 500 million euro 6-year senior bond. The issue was priced at 52 basis points over midswap, with a coupon of 0.375%. Ferrovial will use the funds in corporate general purposes.

The order book was very diversified, and the deal was extremely well received by international investors. More than 70% of the issue was placed outside Spain, primarily in Germany and France.

The bond is eligible for the European Central Bank’s corporate sector purchase programme (CSPP), which targets qualifying investment-grade euro-denominated bonds issued by non-bank companies established in the Euro area.

Ferrovial successfully completed two 500 million euro 3.375% bond issues in January 2013 (5 years) and May 2013 (8 years). In 2014, it issued a 300 million euro 10-year bond paying a 2.5% coupon.

Fitch and Standard & Poor’s maintained an investment grade rating for Ferrovial’s corporate debt: BBB, outlook stable.

About Ferrovial

Ferrovial is one of the world’s leading infrastructure operators and municipal services companies, committed to developing sustainable solutions. The company has 100,000 employees and operates in over 20 countries. Its main business areas are: Services, Toll Roads, Construction and Airports. It is a member of Spain’s blue-chip IBEX 35 index and is also included in the Dow Jones Sustainability Index and FTSE4Good; all its operations are conducted in compliance with the principles of the UN Global Compact, which the company adopted in 2002.

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