Linklaters advises Ferrovial on €650m bonds issuance

Linklaters has assisted Ferrovial with the placing of €650 million 6-year bonds at a 1.382% coupon

Ferrovial has successfully priced €650 million 6-year bonds. The issue was priced at 165 basis points over mid-swap, with a coupon of 1.382%.

According to the Spanish leading global infrastructure operator, the transaction reinforces the sound financial position of the company due to a record €5,886 million in liquidity, while taking advantage of the current market conditions with low-interest rates.

The company will use the funds in Corporate general purposes. The investment-grade rating for Ferrovial’s corporate debt has been: BBB, outlook stable.

The bonds are listed on the AIAF after the approval of the prospectus by the CNMV.

Linklaters´ team was led by Madrid office partner Federico Briano (pictured left) and included managing associate Alberto García Linera (pictured right).

Desire Vidal