Obligation Abertis Infra 0.625% ( XS2025466413 ) en EUR

Société émettrice Abertis Infra
Prix sur le marché 100 %  ⇌ 
Pays  Espagne
Code ISIN  XS2025466413 ( en EUR )
Coupon 0.625% par an ( paiement annuel )
Echéance 15/07/2025 - Obligation échue



Prospectus brochure de l'obligation Abertis Infraestructuras XS2025466413 en EUR 0.625%, échue


Montant Minimal /
Montant de l'émission /
Description détaillée Abertis Infraestructuras est une société espagnole d'infrastructures de transport, opérant principalement des autoroutes à péage en Europe et en Amérique.

L'obligation à code ISIN XS2025466413, un instrument de dette d'entreprise émis en Espagne par Abertis Infraestructuras, groupe espagnol leader mondial dans la gestion et l'exploitation d'infrastructures de transport, notamment les autoroutes à péage, et offrant un taux d'intérêt annuel de 0,625% en euros avec une fréquence de paiement annuelle, a atteint sa maturité le 15 juillet 2025 et a été intégralement remboursée aux investisseurs à 100% de sa valeur nominale.







PROHIBITION OF SALES TO EEA RETAIL INVESTORS ­ The Notes are not intended to be
offered, sold or otherwise made available to and should not be offered, sold or otherwise made available to
any retail investor in the European Economic Area ("EEA"). For these purposes, a retail investor means a
person who is one (or more) of: (i) a retail client as defined in point (11) of Article 4(1) of Directive
2014/65/EU (as amended, "MiFID II"); or (ii) a customer within the meaning of Directive 2002/92/EC (as
amended or superseded, "IMD"), where that customer would not qualify as a professional client as defined
in point (10) of Article 4(1) of MiFID II; or (iii) not a qualified investor as defined in Directive 2003/71/EC,
as amended or superseded. Consequently no key information document required by Regulation (EU) No
1286/2014 (the "PRIIPs Regulation") for offering or selling the Notes or otherwise making them available
to retail investors in the EEA has been prepared and therefore offering or selling the Notes or otherwise
making them available to any retail investor in the EEA may be unlawful under the PRIIPs Regulation.
MIFID II product governance / Professional investors and ECPs only target market ­ Solely for the
purposes of each manufacturer's product approval process, the target market assessment in respect of the
Notes has led to the conclusion that: (i) the target market for the Notes is eligible counterparties and
professional clients only, each as defined in MiFID II; and (ii) all channels for distribution of the Notes to
eligible counterparties and professional clients are appropriate. Any person subsequently offering, selling
or recommending the Notes (a "distributor") should take into consideration the manufacturers' target
market assessment; however, a distributor subject to MiFID II is responsible for undertaking its own target
market assessment in respect of the Notes (by either adopting or refining the manufacturers' target market
assessment) and determining appropriate distribution channels.
Final Terms dated 11 July 2019
Abertis Infraestructuras, S.A.
Legal entity identifier (LEI): 549300GKFVWI02JQ5332
Issue of 700,000,000 0.625 per cent. Notes due July 2025 (the "Notes")
under the 7,000,000,000 Euro Medium Term Note Programme
PART A ­ CONTRACTUAL TERMS
Terms used herein shall be deemed to be defined as such for the purposes of the Conditions (the
"Conditions") set forth in the Base Prospectus dated 6 March 2019 (the "Base Prospectus") for the
purposes of the Prospectus Directive. 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 the
Base Prospectus.
Full information on the Issuer 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 these Final Terms are available for
viewing during normal business hours at, and copies may be obtained from The Bank of New York Mellon
London Branch, One Canada Square, London E14 5AL, United Kingdom.
The expression "Prospectus Directive" means Directive 2003/71/EC (as amended or superseded),
provided, however, that all references in this document to the "Prospectus Directive" in relation to any
Member State of the European Economic Area refer to Directive 2003/71/EC (as amended or superseded)
and include any relevant implementing measure in the relevant Member State.
1.
Issuer:
Abertis Infraestructuras, S.A.
2.
(i)
Series Number:
5
(ii)
Tranche Number:
1
(iii)
Date on which the Notes
Not Applicable
become fungible:
3.
Specified Currency or Currencies: Euro
22085-3-22236-v4.0
- 1 -
66-40723526



4.
Aggregate Nominal Amount:



(i)
Series:
700,000,000


(ii)
Tranche:
700,000,000

5.
Issue Price:
99.415 per cent. of the Aggregate Nominal Amount

6.
(i)
Specified
100,000

Denominations:

(ii)
Calculation Amount:
100,000

7.
(i)
Issue Date:
15 July 2019


(ii)
Interest Commencement Issue Date

Date:
8.
Maturity Date:
15 July 2025

9.
Interest Basis:
0.625 per cent. Fixed Rate



(see paragraph 14 below)

10.
Redemption/Payment Basis:
Subject to any purchase and cancellation or early
redemption, the Notes will be redeemed on the
Maturity Date at 100 per cent. of their nominal
amount.
11.
Change of Interest or
Not Applicable

Redemption/Payment Basis:
12.
Put/Call Options:
Change of Control Put Option

Material Asset Sale Put Option


Issuer Call



Residual Maturity Call Option

Clean-up Call Option


(See paragraphs 17, 19, 20 and 21 below)

13.
(i)
Status of the Notes:
Senior


(ii)
Date Board approval for 26 February 2019

issuance of Notes
obtained:
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE

14.
Fixed Rate Note Provisions
Applicable


(i)
Rate of Interest:
0.625 per cent. per annum payable annually in arrear
on each Interest Payment Date

(ii)
Interest Payment
15 July in each year, commencing on 15 July 2020,
Date(s):
unadjusted.

(iii)
Fixed Coupon Amount:
625 per Calculation Amount


(iv)
Broken Amount(s):
Not Applicable

22085-3-22236-v4.0
- 2 -
66-40723526





(v)
Day Count Fraction:
Actual/Actual (ICMA)

15.
Floating Rate Note Provisions
Not Applicable

16.
Zero Coupon Note Provisions
Not Applicable

PROVISIONS RELATING TO REDEMPTION

17.
Call Option
Applicable


(i)
Optional Redemption
On any Business Day on or prior to 15 April 2025

Date(s) (Call):

(ii)
Optional Redemption
Make Whole Redemption Price

Amount(s) (Call) of each
Note:

(iii)
Make Whole Redemption Non-Sterling Make Whole Redemption Amount

Price:

(a)
Redemption
0.25 per cent.

Margin:

(b)
Reference
DBR 0.500% February 2025 (ISIN: DE0001102374)

Bond:

(c)
Quotation
As determined by the Determination Agent

Time:

(iv)
Redeemable in part:
Not Applicable


(v)
Notice period:
Not less than 30 nor more than 60 days' notice

18.
Put Option
Not Applicable

19.
Change of Control Put Option:
Applicable

20.
Residual Maturity Call Option
Applicable


(i)
Notice Period:
Not less than 15 nor more than 30 days' notice

21.

Clean-Up Call Option
Applicable



(i)
Optional Redemption
100,000 per Calculation Amount

Amount of each Note:
22.
Final Redemption Amount of 100,000 per Calculation Amount

each Note
23.
Early Redemption Amount



Early Redemption Amount(s) per 100,000 per Calculation Amount

Calculation Amount payable on
redemption for taxation reasons or
on event of default:
24.
Condition
11(f)
(Unmatured Not Applicable

Coupons Void):
GENERAL PROVISIONS APPLICABLE TO THE NOTES

25.
Form of Notes:
Bearer Notes:

22085-3-22236-v4.0
- 3 -
66-40723526






PART B ­ OTHER INFORMATION

1.
LISTING AND ADMISSION

TO TRADING
Application has been made by the Issuer (or on its
(i) Admission to Trading:
behalf) for the Notes to be admitted to trading on the
regulated market of Euronext Dublin with effect from
the Issue Date.
(ii) Estimate of total expenses 1,000

related to admission to
trading:
2.
RATINGS
The Notes to be issued are expected to be rated:


Ratings:
S&P Global Ratings Europe Limited ("S&P"): BBB



Fitch Ratings España, S.A.U. ("Fitch"): BBB



Each of S&P and Fitch is established in the EEA and
registered under Regulation (EU) No 1060/2009, as
amended (the "CRA Regulation").
3.
INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE
ISSUE/OFFER
Save for any fees payable to the Joint Lead Managers and as described under "Reasons for
the Offer" below, so far as the Issuer is aware, no person involved in the offer of the Notes
has an interest material to the offer. The Joint Lead 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 its affiliates in the
ordinary course of business.
4.
REASONS FOR THE OFFER

All or the majority of the net proceeds of the Notes will be used by the Issuer for general
corporate purposes including to refinance its existing debt in respect of which the Joint
Lead Managers to this issuance are lenders
5.
YIELD



Indication of yield:
0.725 per cent. (annual)

The yield is calculated at the Issue Date on the basis
of the Issue Price. It is not an indication of future
yield.
6.
FLOATING RATE AND FIXED/FLOATING RATE NOTES ­ HISTORIC
INTEREST RATES
Not Applicable

7.
OPERATIONAL INFORMATION


ISIN:
XS2025466413


Common Code:
202546641


FISN:
See the website of the Association of National
Numbering Agencies (ANNA) or alternatively
22085-3-22236-v4.0
- 5 -
66-40723526




sourced from the responsible National Numbering
Agency that assigned the ISIN

CFI Code:
See the website of the Association of National
Numbering Agencies (ANNA) or alternatively
sourced from the responsible National Numbering
Agency that assigned the ISIN

Delivery:
Delivery against payment


Clearing System:
Euroclear Bank SA/NV and Clearstream Banking
S.A.

Any clearing system(s) other than Not Applicable

Euroclear Bank SA/NV and
Clearstream Banking S.A. and the
relevant identification number(s):

Names and addresses of additional Not Applicable

Paying Agent(s) (if any):

Name of Replacement Agent (if Not Applicable

not the Fiscal Agent):

Intended to be held in a manner Yes. Note that the designation "yes" simply means
which would allow Eurosystem that the Notes are intended upon issue to be deposited
eligibility:
with one of the ICSDs 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.
8.
DISTRIBUTION







(i)
Method of Distribution:
Syndicated


(ii)
If syndicated:


(A) Names of Dealers
Joint Lead Managers
Bankia, S.A.
Barclays Bank PLC
Commerzbank Aktiengesellschaft
Crédit Agricole Corporate and Investment Bank
HSBC Bank plc
Mediobanca - Banca di Credito Finanziario S.p.A.
NatWest Markets Plc
SMBC Nikko Capital Markets Limited
Société Générale
22085-3-22236-v4.0
- 6 -
66-40723526





(B) Stabilising
Société Générale

Manager(s), if any:

(iii) If non-syndicated, name of Not Applicable

Dealer:

(iv) U.S. Selling Restrictions:
Reg S Compliance Category 2;

TEFRA D

(v)
Prohibition of Sales to EEA Applicable

Retail Investors:

9.
BENCHMARK


REGULATION

Relevant Benchmark:
Not Applicable




22085-3-22236-v4.0
- 7 -
66-40723526



Document Outline