A EUR500m senior unsecured fixed rate issue is now priced for Abertis Infraestructuras, S.A. rated BBB (stable) by S&P and BBB+ (stable). Due 27 February 2027, the deal pays a coupon of 1% and has an issue price of 97.339 to give a spread of +75bp over mid-swaps, equivalent to +114bp over the 0% Aug-2026 DBR. Yield is 1.278% Joint bookrunners are Barclays, BNP Paribas, CaixaBank, and Citi (actives) ING, MUFG, RBC Capital Markets, RBS, and SG CIB (passives). Pay date 17 November. Denoms 100k+100k. Off the Domestic CNMV Programme. Listing: AIAF. Spanish Law. Reg S Bearer. UoP: General Corporate Purposes. ISIN ES0211845310.
Price talk: IPTs: m/s+75-80bp. Guidance: m/s+70-75. Books 750m+. Launched: EUR500m @ m/s+75. Books >750m.
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