Obligation Iberdrola Capital S.A. 1% ( XS1575444622 ) en EUR

Iberdrola Capital S.A.

100 % ▲

Espagne

XS1575444622 ( en EUR )

1% par an ( paiement annuel )

07/03/2025 - Obligation échue

Prospectus brochure de l'obligation Iberdrola Finanzas S.A XS1575444622 en EUR 1%, 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 XS1575444622, paye un coupon de 1% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 07/03/2025

FINAL TERMS
Final Terms dated 3 March 2017
Iberdrola Finanzas, S.A.U.
(incorporated with limited liability in the Kingdom of Spain)
Issue of
EUR 1,000,000,000 1.00 per cent. Green Bonds due 7 March 2025
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
supplements to the Base Prospectus dated 10 October 2016 and 28 February 2017, 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:
117
(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 1,000,000,000
trading:
4.
Issue Price:
99.360 per cent. of the Aggregate Nominal
Amount.
5.
(i)
Specified Denominations:
100,000 and integral multiples of 100,000
thereafter

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(ii)
Calculation Amount
100,000
6.
(i)
Issue Date:
7 March 2017
(ii)
Interest Commencement Date:
Issue Date
7.
Maturity Date:
7 March 2025
8.
Interest Basis:
1.00 per cent. (see item 12 below)
9.
Change of Interest Basis:
Not Applicable
10.
Put/Call Options:
Change of Control Put Option
(see paragraph 17 below)

Residual Maturity Call Option
(see paragraph 18 below)

Substantial Purchase Event
(see paragraph 19 below)
11.
Date Board approval for issuance of Notes 28 February 2017
obtained:
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
12.
Fixed Rate Note Provisions
Applicable
(i)
Rate of Interest:
1.00 per cent. per annum

payable in arrear on each Interest Payment Date
(ii)
Interest Payment Date(s):
7 March in each year commencing on 7 March
2018 up to and including the Maturity Date.
(iii)
Fixed Coupon Amount(s):
1,000 per Calculation Amount
(iv)
Broken Amount(s):
Not Applicable
(Applicable to Notes in definitive
form)
(v)
Day Count Fraction:
Actual/Actual(ICMA)
(vi)
Determination Dates:
7 March in each year
13.
Floating Rate Note Provisions
Not Applicable
14.
Zero Coupon Note Provisions
Not Applicable
PROVISIONS RELATING TO REDEMPTION

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15.
Call Option
Not Applicable
16.
Put Option
Not Applicable
17.
Change of Control Put:
Applicable
(i)
Optional Redemption Amount:
As per Conditions
(ii)
Notice periods:
As per Conditions
18.
Residual Maturity Call Option
Applicable
19.
Substantial Purchase Event
Applicable
20.
Final Redemption Amount
100,000 per Calculation Amount
21.
Early Redemption Amount

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):
As per Conditions
GENERAL PROVISIONS APPLICABLE TO THE NOTES
22.
(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.
(b)
New Global Note:
Yes
23.
Financial Centre(s) or other special TARGET2 Business Days
provisions relating to Payment Dates:
24.
Talons for future Coupons to be attached to No
Definitive Notes:
25.
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 7
March 2017.
(ii)
Estimate of total expenses related to 6,000
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.
YIELD

Indication of yield:
1.084% per. cent (annual)
5.
OPERATIONAL INFORMATION
ISIN Code:
XS1575444622

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Common Code:
157544462
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.
6.
DISTRIBUTION

(a)
Method of distribution:
Syndicated
(b)
If syndicated, names of Managers:
Banco Bilbao Vizcaya Argentaria, S.A.

Banca IMI S.p.A.

Banco Santander, S.A.

Citigroup Global Markets Limited

HSBC Bank plc

The Royal Bank of Scotland plc (trading as
NatWest Markets)

SMBC Nikko Capital Markets Limited
(c)
Date of Agreement:
3 March 2017
(d)
Stabilisation Manager(s) (if any):
Not Applicable
(e)
If non-syndicated, name of relevant Not Applicable
Dealer:
(f)
U.S. Selling Restrictions:
Reg. S Compliance Category 2; TEFRA D

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