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IBE Iberdrola SA

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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 -

Iberdrola Plans Roadshow Ahead of Possible Hybrid Bond

14/02/2013 11:59am

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Iberdrola (BIT:IBE)
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   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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