Aena has closed its first bond issue in the European fixed income market for an amount of 500 million euros and maturity in October 2030. The operation was closed with a coupon of 4.25%.
It was oversubscribed 5 times, receiving orders from more than 180 institutional investors of 22 nationalities, which demonstrates the strong attractiveness of the company in the capital markets. This has allowed Aena to reduce the price of its inaugural bond by 30 bps (at the opening of the London market, Aena announced Initial price thoughts of Mid Swap + 120 bps to bring the final price to Mid Swap +90 bps).
The issue was made under Aena’s Euro Medium Term Note (EMTN) program for a maximum amount of 3,000 million euros, with a prospectus registered with the CNMV on July 27, 2023.
The issue will be listed on the AIAF and will be settled through Iberclaer, being the first fixed income program and issue to be carried out in Spain under the new procedure provided for in the Securities Market Law.
Linklaters has advised the underwriters with a team led by Federico Briano and Jorge Alegre, with support from Yiannis Kyriakides, Borja Oñoro and Daniel Pardeza.