Obligation Iberdrola Capital S.A. 3.118% ( XS2333655210 ) en EUR

Iberdrola Capital S.A.

100 % ▲

Espagne

XS2333655210 ( en EUR )

3.118% par an ( paiement annuel )

28/04/2023 - Obligation échue

Prospectus brochure de l'obligation Iberdrola Finanzas S.A XS2333655210 en EUR 3.118%, échue

100 000 EUR

250 000 000 EUR

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 XS2333655210, paye un coupon de 3.118% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 28/04/2023

MiFID II product governance / Professional investors and ECPs only target market solely for
the purposes of the/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 Directive 2014/65/EU (as amended,
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 manufacturer's 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 manufacturer's target market assessment) and
determining appropriate distribution channels.
PROHIBITION OF SALES TO EEA AND UK 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) or in the United Kingdom
(UK). 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 MiFID II; or (ii) a customer within the meaning of Directive
(EU) 2016/97 (as amended, the Insurance Distribution Directive), 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 the Prospectus Directive. 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 or in the UK has been prepared and
therefore offering or selling the Notes or otherwise making them available to any retail investor in the
EEA or in the UK may be unlawful under the PRIIPs Regulation.

Final Terms dated 26 April 2021

Iberdrola Finanzas, S.A.U.
(incorporated with limited liability in the Kingdom of Spain)
Legal Entity Identifier (LEI): 5493004PZNZWWBOUV388
Issue of
EUR 250,000,000 Floating Rate Notes due April 2023
Guaranteed by
Iberdrola, S.A.
Legal Entity Identifier (LEI): 5QK37QC7NWOJ8D7WVQ45
Under the EUR 20,000,000,000
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 Terms and Conditions
of Notes issued by Iberdrola Finanzas, S.A.U. set forth in the Base Prospectus dated 24 June 2020 and
the supplements to the Base Prospectus dated 1 September 2020 and 8 March 2021 which together
constitute a base prospectus for the purposes of the Prospectus Regulation (the Base Prospectus). This
document constitutes the Final Terms of the Notes described herein for the purposes of Article 8(4) of
the Prospectus Regulation and must be read in conjunction with such Base Prospectus as so
supplemented in order to obtain all the relevant information to comply with Article 8(5) of the
Prospectus Regulation. 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 www.iberdrola.com and copies may be obtained
from the Issuer at its registered office 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:
129
(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 (EUR)
3.
Aggregate Nominal Amount admitted to EUR 250,000,000
trading:
(i)
Series:
EUR 250,000,000
(ii)
Tranche:
EUR 250,000,000
4.
Issue Price:
100.916 per cent. of the Aggregate Nominal
Amount
5.
(i)
Specified Denominations:
EUR 100,000.00
(ii)
Calculation Amount:
EUR 100,000.00
6.
(i)
Issue Date:
28 April 2021
(ii)
Interest Commencement Date:
Issue Date
7.
Maturity Date:
Interest Payment Date falling in or nearest to
28 April 2023
8.
Interest Basis:
Three (3) Month EURIBOR + 0.65 per cent.
Floating Rate (see item 13 below)

9.
Change of Interest Basis:
Not Applicable
10.
Put/Call Options:
Not Applicable
11.
Date Board approval for issuance of 23 April 2021 and 24 June 2020, respectively
Notes and Guarantee obtained:
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE

12.
Fixed Rate Note Provisions
Not Applicable
13.
Floating Rate Note Provisions
Not Applicable
(i)
Interest Period(s):
Quarterly, on 28 January, 28 April, 28 July and
28 October in each year from an including the
Interest Commencement Date, up to and
including the Maturity Date, subject to
adjustment in accordance with the Business
Day Convention set out in (iv) below
(ii)
Specified
Interest
Payment Quarterly, on 28 January, 28 April, 28 July and
Dates:
28 October in each year from and including 28
July 2021, up to and including Maturity Date,
subject to adjustment in accordance with the
Business Day Convention set out in (iv) below
(iii)
Interest Period Date:
Not Applicable
(iv)
Business Day Convention:
Modified Following Business Day Convention
(v)
Business Centre(s):
TARGET
(vi)
Manner in which the Rate(s) of Screen Rate Determination
Interest is/are to be determined:
(vii)
Party responsible for calculating Not Applicable
the Rate of Interest and Interest
Amount (if not the Fiscal Agent)

(viii) Screen Rate Determination:

Reference Rate:
Three (3) Month EURIBOR

Reference Banks
Not Applicable

Interest Determination Two (2) TARGET business days prior to the
Date(s):
beginning
of
the
Interest
period
in
EURIBOR01 Reuters page

Relevant Screen Page:
EURIBOR01 Reuters page
(ix)
ISDA Determination:
Not Applicable
(x)
Linear Interpolation:
Not Applicable
(xi)
Margin(s):
+ 0.65 per cent. per annum
(xii)
Minimum Rate of Interest:
0.00 per cent. per annum
(xiii) Maximum Rate of Interest:
Not Applicable
(xiv)
Day Count Fraction:
Actual/360

14.
Zero Coupon Note Provisions
Not Applicable
PROVISIONS RELATING TO REDEMPTION
15.
Call Option
Not Applicable
16.
Put Option
Not Applicable
17.
Change of Control Put:
Not Applicable
18.
Residual Maturity Call Option
Not Applicable
19.
Substantial Purchase Event
Not Applicable
20.
Final Redemption Amount
EUR 100,000.00 per Calculation Amount
21.
Early Redemption Amount

Early Redemption Amount(s) payable EUR 100,000.00 per Calculation Amount
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
¡Error! No se encuentra el origen de la
referencia.):
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 Not Applicable
provisions relating to Payment Dates:
24.
Talons for future Coupons to be attached No
to 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

PART B OTHER INFORMATION

1.
LISTING AND ADMISSION TO
TRADING
(i)
Listing:
Official List of the Luxembourg Stock
Exchange
(ii)
Admission to trading:
Application has been made for the Notes to be
admitted to trading on the regulated market of
the Luxembourg Stock Exchangewith effect
from the Issue Date.
(iii)
Estimate of total expenses EUR 2,200
related to admission to trading:
2.
RATINGS

Ratings:
The Notes to be issued have been rated:
BBB+ by S&P Global Ratings.
Baal by Moody's Ratings
BBB+ and A by Fitch Ratings

S&P Global Ratings, Moody's Rating and
Fitch Ratings are established in the European
Union or in the UK and is registered under
Regulation (EC) No. 1060/2009 (as amended).
As such [S&P Global Ratings, Moody's Rating
and Fitch Ratings are included in the list of
credit ratings agencies published by the
European Securities and Markets Authority on
its website in accordance with such Regulation.
3.
INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE
So far as the Issuer is aware, no person involved in the offer of the Notes has an interest
material to the offer. The Dealers 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.
4.
REASONS FOR THE OFFER AND
ESTIMATED NET PROCEEDS
Reasons for the offer:
Not Applicable
Estimated net proceeds:
EUR 252,290,000
5.
FIXED RATE NOTES ONLY 
YIELD

Indication of yield:
Not Applicable

6.
OPERATIONAL INFORMATION
ISIN:
XS2333655210
Common Code:
233365521
Any clearing system(s) other than Not Applicable
Euroclear and Clearstream Luxembourg
and
the
relevant
identification
number(s):

Names and addresses of additional Not Applicable
Paying Agent(s) (if any):
Intended to be held in a manner which
would allow Eurosystem eligibility:

Yes. 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)
If
syndicated,
names
of Not Applicable
Managers:
(c)
Date
of
Subscription Not Applicable
Agreement:
(d)
Stabilisation Manager(s) (if Not Applicable
any):
(e)
If non-syndicated, name of Not Applicable
relevant Dealer:
(f)
U.S. Selling Restrictions:
Reg. S Compliance Category 2; TEFRA D