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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Iberdrola SA | BIT:IBE | Italy | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.00 | - |
By Ben Edwards
Spanish utility company Iberdrola SA (IBE.MC) is planning to meet investors in Europe ahead of a possible hybrid bond sale, one of the banks organizing the roadshow said Thursday.
Bank of America Merrill Lynch, Barclays PLC, JPMorgan Chase & Co., Morgan Stanley and Royal Bank of Scotland Group PLC are the banks hosting the meetings, which are scheduled to begin Feb. 15.
Iberdrola may subsequently issue an undated, euro-denominated, deeply subordinated, reset-rate guaranteed bond via its subsidiary Iberdrola International BV, subject to market conditions.
The bond is expected to be rated Baa3 by Moody's Investors Service and BBB- by Fitch Ratings.
Write to Ben Edwards at ben.edwards@dowjones.com
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