Bond Iberdrola Energía 0% ( XS2089171537 ) in EUR

Iberdrola Energía

100 % ▼

Spain

XS2089171537 ( in EUR )

04/12/2023 - Bond has expired

Prospectus brochure of the bond Iberdrola XS2089171537 in EUR 0%, expired

100 000 EUR

100 000 000 EUR

Iberdrola is a Spanish multinational electric utility company engaged in the generation, distribution, and commercialization of electricity and gas.

The Bond issued by Iberdrola Energía ( Spain ) , in EUR, with the ISIN code XS2089171537, pays a coupon of 0% per year.
The coupons are paid 1 time per year and the Bond maturity is 04/12/2023

FINAL TERMS
MIFID II PRODUCT GOVERNANCE / Professional investors and ECPs only target market Solely
for the purposes of the manufacturers' 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.
PROHIBITION OF SALES TO EEA RETAIL INVESTORS  The Notes are not intended to be offered,
sold or otherwise made available to and, with effect from such date, 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 (MiFID II); (ii) a customer within the meaning of Directive 2002/92/EC (the Insurance
Mediation 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
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.

Final Terms dated 2 December 2019
Iberdrola Finanzas, S.A.U.
(incorporated with limited liability in the Kingdom of Spain)
Legal Entity Identifier (LEI): 5493004PZNZWWBOUV388

Issue of
100,000,000 Floating Rate Guaranteed Notes due 4 December 2023
Guaranteed by
Iberdrola, S.A.
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 (the
Conditions) of Notes issued by Iberdrola Finanzas, S.A.U. set forth in the Base Prospectus dated 25 June
2019, which are incorporated by reference. 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 dated 25 June 2019 which constitutes a base prospectus for the purposes of the Prospectus
Directive (the 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

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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:
127
(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:
101.411 per cent. of the Aggregate Nominal
Amount
5.
(i) Specified Denominations:
100,000
(ii) Calculation Amount
100,000
6.
(i)
Issue Date:
4 December 2019
(ii)
Interest Commencement Date:
4 December 2018
7.
Maturity Date:
4 December 2023
8.
Interest Basis:
3 Month EURIBOR + 0.65 per cent. Floating Rate
(see item 12 below)
9.
Change of Interest Basis:
Not Applicable
10.
Put/Call Options:
Change of Control Put Option

(see paragraph 17 below)
11.
Date Board approval for issuance of Notes 25 November 2019
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:
4 March, 4 June, 4 September and 4 December in
each year, subject to adjustment in accordance

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with the Business Day Convention set out in (iv)
below, commencing on 4 March 2020
(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)

(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):
+0.65 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
15.
Call Option
Not Applicable
16.
Put Option
Not Applicable
17.
Change of Control Put:
Applicable
(i)
Optional Redemption Amount:
100,000 per Calculation Amount
(ii)
Notice periods:
As per Conditions

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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)
Listing:
Luxembourg
(ii)
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 4
December 2019
(iii)
Estimate of total expenses related to 2,400
admission to trading:
2.
RATINGS

Ratings:
The Notes to be issued have been rated:
Standard & Poor's Rating Services, a division of
the McGraw Hill Companies, Inc. (S&P): BBB+
(stable)
Moody's Investor Service Limited
(Moody's): Baa1 (positive)
Fitch Ratings Limited (Fitch): A- (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
Markets 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, no person involved in the offer of the Notes has an interest material
to the offer. The Dealer 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 its affiliates in the ordinary course of business. For
the purpose of this paragraph the term "affiliates" includes also parent companies.

4.
OPERATIONAL INFORMATION

ISIN Code:
XS2089171537

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Common Code:
208917153
FISN:
IBERDROLA FINAN/VAREMTN 20231204
CFI Code:
DTVNFB
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.
5.
DISTRIBUTION

(a)
Method of distribution:
Non-Syndicated
(b)
If syndicated, name of relevant Not Applicable
Dealer:
(c)
Date of Agreement:
26 November 2019
(d)
Stabilisation Manager(s) (if any):
Not Applicable
(e)
If non-syndicated, name of relevant Banco Bilbao Vizcaya Argentaria, S.A.
Dealer:
(f)
U.S. Selling Restrictions:
Reg. S Compliance Category 2; TEFRA D

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