Abertis has closed a new liability management deal with two new bond issuances of its subsidiary in France, HIT, amounting to a total of €1,000 million (US$117,35 million). The new issuances have a maturity of 5 years; €500 million (US$586,78 million) maturing in March 2023 and 10 years €500 million maturing in November 2027.

Both emissions, sold among qualified international investors, have been closed with competitive interest rates.  

The issue with maturity in 2023 has been closed with an interest rate of 0.625%. It is the bond issue with the lowest coupon in Group’s history. In the case of the 10-year bonds, the interest rate has been set at 1.625%.

In parallel, Abertis has successfully closed an offer to buy back bonds for €140 million (US$164,29 million) of HIT’s existing bonds maturing in 2021 with a 4.875% coupon.

These deals allow the Group to extend its debt’s maturity profile, to deliver on its active balance sheet management strategy and to illustrate the company’s ability to finance itself at attractive conditions and continue creating value for its shareholders.

In the last three years, during the 2015-2017 Strategic Plan, Abertis has carried out debt refinancing operations denominated in euros for more than €4,000 million (US$4.694,26 million)  , reducing its annual financial costs in more than 3%.