Obligation Iberdrola Capital S.A. 4.672% ( XS1564443759 ) en EUR

Iberdrola Capital S.A.

100 % ⇌

Espagne

XS1564443759 ( en EUR )

4.672% par an ( paiement annuel )

20/02/2024 - Obligation échue

Prospectus brochure de l'obligation Iberdrola Finanzas S.A XS1564443759 en EUR 4.672%, échue

Iberdrola Finanzas S.A. est une filiale d'Iberdrola, principalement dédiée au financement des activités du groupe énergétique espagnol.

L'Obligation émise par Iberdrola Capital S.A. ( Espagne ) , en EUR, avec le code ISIN XS1564443759, paye un coupon de 4.672% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 20/02/2024

FINAL TERMS
Final Terms dated 16 February 2017
Iberdrola Finanzas, S.A.U.
(incorporated with limited liability in the Kingdom of Spain)
Issue of
EUR 100,000,000 Floating Rate Green Bonds due 20 February 2024
Guaranteed by
Iberdrola, S.A.
Under the EUR 20,000,000,000
Euro Medium Term Note Programme
of Iberdrola Finanzas, S.A.U. and Iberdrola International B.V.

PART A CONTRACTUAL TERMS
Terms used herein shall be deemed to be defined as such for the purposes of the Terms and Conditions of
Notes issued by Iberdrola Finanzas, S.A.U. set forth in the Base Prospectus dated 22 June 2016 and the
supplement to the Base Prospectus dated 10 October 2016 which together constitute a base prospectus for the
purposes of the Prospectus Directive (the Base Prospectus). This document constitutes the Final Terms of
the Notes described herein for the purposes of Article 5.4 of the Prospectus Directive and must be read in
conjunction with such Base Prospectus. Full information on the Issuer, the Guarantor and the offer of the
Notes is only available on the basis of the combination of these Final Terms and the Base Prospectus. The
Base Prospectus and the Final Terms have been published on the website of the Luxembourg Stock
Exchange at www.bourse.lu. and are available for viewing at the registered office of the Issuer at Plaza
Euskadi 5, 48009 Bilbao, Spain, and of the Fiscal Agent at The Bank of New York Mellon, London Branch,
One Canada Square, London E14 5AL, United Kingdom and copies may be obtained from the Fiscal Agent
at its aforementioned registered address.

1.
(i)
Series Number:
115
(ii)
Tranche Number:
1
(iii)
Date on which the Notes will be Not Applicable
consolidated and form a single
Series:
2.
Specified Currency or Currencies:
Euro ("")
3.
Aggregate Nominal Amount admitted to 100,000,000
trading:
4.
Issue Price:
100 per cent. of the Aggregate Nominal Amount.
5.
(i)
Specified Denominations:
100,000 and integral multiples of 100,000
thereafter
(ii)
Calculation Amount
100,000

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6.
(i)
Issue Date:
20 February 2017
(ii)
Interest Commencement Date:
Issue Date
7.
Maturity Date:
20 February 2024
8.
Interest Basis:
3 Month EURIBOR + 67 bps Floating Rate (see
item 12 below)
9.
Change of Interest Basis:
Not Applicable
10.
Put/Call Options:
Change of Control Put Option

(see paragraph 14 below)

Residual Maturity Call Option

(see paragraph 14 below)

Substantial Purchase Event

(see paragraph 15 below)
11.
Date Board approval for issuance of Notes 6 February 2017
obtained:
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
12.
Fixed Rate Note Provisions
Not Applicable
13.
Floating Rate Note Provisions
Applicable
(i)
Interest Period(s):
4 per year, subject to adjustment in accordance
with the Business Day Convention set out in (iv)
below
(ii)
Specified Interest Payment Dates:
20 May, 20 August, 20 November and 20
February in each year, subject to adjustment in
accordance with the Business Day Convention set
out in (iv) below, commencing on 20 May 2017
(iii)
Interest Period Date:
Not Applicable

(iv)
Business Day Convention:
Modified Following Business Day Convention
(v)
Business Centre(s):
Not Applicable
(vi)
Manner in which the Rate(s) of Screen Rate Determination
Interest is/are to be determined:
(vii)
Party responsible for calculating the Not Applicable
Rate of Interest and Interest Amount
(if not the Fiscal Agent)

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(viii)
Screen Rate Determination:

Reference Rate:
3 Month EURIBOR

Reference Banks
Not Applicable

Interest
Determination Second day on which the TARGET System is
Date(s):
open prior to the start of each Interest Period

Relevant Screen Page:
Reuters Screen EURIBOR01 page
(ix)
ISDA Determination:
Not Applicable

Floating Rate Option:
Not Applicable

Designated Maturity:
Not Applicable

Reset Date:
Not Applicable

(x)
Linear Interpolation:
Not Applicable
(xi)
Margin(s):
+0.67 per cent. per annum
(xii)
Minimum Rate of Interest:
Not Applicable
(xiii)
Maximum Rate of Interest:
Not Applicable
(xiv)
Day Count Fraction:
Actual/360
(xv)
Notice periods:
As per Conditions
14.
Residual Maturity Call Option
Applicable
15.
Substantial Purchase Event
Applicable
16.
Final Redemption Amount
100,000 per Calculation Amount
17.
Early Redemption Amount
As per Conditions

Early Redemption Amount(s) payable on
redemption for taxation reasons or on Event
of Default and/or the method of calculating
the same (if required or if different from that
set out in Condition 6):

GENERAL PROVISIONS APPLICABLE TO THE NOTES
18.
(a)
Form of Notes:
Bearer Notes:

Temporary Global Note exchangeable for a
Permanent
Global
Note
exchangeable
for
Definitive Notes in the limited circumstances
specified in the Permanent Global Note.

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(b)
New Global Note:
Yes
19.
Financial
Centre(s)
or
other
special TARGET2 Business Days
provisions relating to Payment Dates:
20.
Talons for future Coupons to be attached to No
Definitive Notes:
21.
Consolidation provisions:
Not Applicable

Signed on behalf of the Issuer:
Signed on behalf of the Guarantor:
By:
................................................................
By:
.................................................................
Duly authorised
Duly authorised

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PART B OTHER INFORMATION

1.
LISTING
AND
ADMISSION
TO
TRADING
(i)
Admission to trading:
Application has been made for the Notes to be
admitted to trading on the Regulated Market of the
Luxembourg Stock Exchange with effect from 20
February 2017.
(ii)
Estimate of total expenses related to 4,350
admission to trading:
2.
RATINGS

Ratings:
The Notes to be issued have been rated:
Standard & Poor's Credit Market Services Europe
Limited (S&P): BBB+ (stable)
Moody's Investors Service Limited
(Moody's): Baa1 (positive)
Fitch Ratings Limited (Fitch): BBB+ (stable)

S&P, Moody's and Fitch are established in the

European Union and are registered under
Regulation (EC) No. 1060/2009 (as amended). As
such, each of S&P, Moody's and Fitch is included
in the list of credit rating agencies published by the
European Securities and Market Authority on its
website in accordance with such Regulation
(http://www.esma.europa.eu/page/List-registered-
and-certified-CRAs).
3.
INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE
So far as the Issuer is aware and save for the fees paid to the Managers, no person involved in the
offer of the Notes has an interest material to the offer. The Managers and their affiliates have
engaged, and may in the future engage, in investment banking and/or commercial banking
transactions with, and may perform other services for, the Issuer and the Guarantor and their
affiliates in the ordinary course of business. For the purpose of this paragraph the term "affiliates"
includes also parent companies.

4.
USE OF PROCEEDS
The net proceeds of the issue of the Notes will be
on-lent or deposited with another member of the

Group (other than the Guarantor) and used to
refinance, in whole or in part, an Eligible Green

Project.

For the purpose of this section:

5

Eligible Green Project means a Renewable
Energy Project which meet a set of environmental

and social criteria.

Renewable Energy Project means the financing
of, or investments in the development, the

construction, repowering and the installation of the
renewable energy production units of Candal,

Bureba, Cueza and Cerro Higuera, for the
production of energy through renewable non-fossil

sources.

5.
YIELD

3 Month EURIBOR + 0.67 per cent. (annual)
Indication of yield:
6.
OPERATIONAL INFORMATION
ISIN Code:
XS1564443759
Common Code:
156444375
Any clearing system(s) other than Euroclear Not Applicable
and Clearstream Luxembourg and the
relevant identification number(s):

Names and addresses of additional Paying Not Applicable
Agent(s) (if any):
Intended to be held in a manner which Yes
would allow Eurosystem eligibility:
Note that the designation "yes" simply means that
the Notes are intended upon issue to be deposited
with one of the International Central Securities
Depositaries (ICSDs), being Euroclear and
Clearstream, Luxembourg, as common safekeeper
and does not necessarily mean that the Notes will
be recognised as eligible collateral for Eurosystem
monetary policy and intra-day credit operations by
the Eurosystem either upon issue or at any or all
times during their life. Such recognition will
depend upon the ECB being satisfied that
Eurosystem eligibility criteria have been met.
7.
DISTRIBUTION

(a)
Method of distribution:
Non-syndicated
(b)
Date of Agreement:
6 February 2017

6

(c)
Stabilisation Manager(s) (if any):
Not Applicable
(d)
U.S. Selling Restrictions:
Reg. S Compliance Category 2; TEFRA D

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