Obbligazione Iberdrola Capital S.A. 1.25% ( XS1847692636 ) in EUR

Emittente Iberdrola Capital S.A.
Prezzo di mercato 100 EUR  ⇌ 
Paese  Spagna
Codice isin  XS1847692636 ( in EUR )
Tasso d'interesse 1.25% per anno ( pagato 1 volta l'anno)
Scadenza 28/10/2026 - Obbligazione č scaduto



Prospetto opuscolo dell'obbligazione Iberdrola Finanzas S.A XS1847692636 in EUR 1.25%, scaduta


Importo minimo /
Importo totale /
Descrizione dettagliata Iberdrola Finanzas S.A. č la societā finanziaria del gruppo Iberdrola, che fornisce servizi finanziari a supporto delle attivitā del gruppo energetico.

L'analisi di un titolo obbligazionario specificato dal codice ISIN XS1847692636, emesso da Iberdrola Finanzas S.A., una sussidiaria chiave di Iberdrola S.A., colosso energetico spagnolo rinomato a livello globale per la sua leadership nel settore delle utility e per il forte impegno nello sviluppo e gestione di infrastrutture per l'energia rinnovabile e reti di distribuzione, rivela un profilo di investimento con caratteristiche definite: originariamente emesso in Spagna in Euro (EUR), questo strumento finanziario offriva agli investitori un tasso d'interesse nominale annuale dell'1.25%, con pagamenti delle cedole distribuiti con frequenza annuale, e il suo valore di rimborso era fissato al 100% del capitale nominale; il 28 ottobre 2026, conformemente alle sue condizioni iniziali, l'obbligazione ha raggiunto la sua data di scadenza e, come confermato dall'emittente, č stata completamente rimborsata ai suoi detentori, segnando la conclusione del suo ciclo di vita finanziario e l'adempimento degli obblighi contrattuali.







FINAL TERMS
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 (as amended, MiFID II); (ii) a customer within the
meaning of Directive 2002/92/EC (as amended, 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 (as amended, 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 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.
Final Terms dated 26 June 2018
Iberdrola Finanzas, S.A.U.
(incorporated with limited liability in the Kingdom of Spain)
Issue of
EUR 750,000,000 1.250 per cent. Green Bonds due 28 October 2026
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 of
Notes issued by Iberdrola Finanzas, S.A.U. set forth in the Base Prospectus dated 28 July 2017, as
supplemented on 16 March 2018 (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.



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1.
(i)
Series Number:
125
(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 750,000,000
trading:
4.
Issue Price:
99.055 per cent. of the Aggregate Nominal
Amount.
5.
Specified Denominations:
100,000 and integral multiples of 100,000
thereafter
6.
(i)
Issue Date:
28 June 2018
(ii)
Interest Commencement Date:
Issue Date
7.
Maturity Date:
28 October 2026
8.
Interest Basis:
1.250 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 21 June 2018
obtained:
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
12.
Fixed Rate Note Provisions
Applicable
(i)
Rate of Interest:
1.250 per cent. per annum

payable in arrear on each Interest Payment Date
(ii)
Interest Payment Date(s):
28 October in each year commencing on 28
October 2018 up to and including the Maturity
Date. There will be a short first coupon.


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(iii)
Fixed Coupon Amount(s):
1,250 per Specified Denomination
(iv)
Broken Amount(s):
417.81 per Calculation Amount, payable on the
(Applicable to Notes in definitive Interest Payment Date falling on 28 October 2018
form)
in respect of the period from and including the
Issue Date to, but excluding, 28 October 2018.
(v)
Day Count Fraction:
Actual/Actual(ICMA)
(vi)
Determination Dates:
28 October in each year
13.
Floating Rate Note Provisions
Not Applicable
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:
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 100,000 in nominal 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:


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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 28
June 2018.
(ii)
Estimate of total expenses related to 10,000
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 (stable)
Fitch Ratings Limited (Fitch): A- (stable)

Each of S&P, Moody's and Fitch is established in

the European Union and is 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 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:
1.371 per cent. (annual)
5.
OPERATIONAL INFORMATION


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ISIN Code:
XS1847692636
Common Code:
184769263
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 de Sabadell, S.A.
Banco Santander, S.A.

HSBC Bank plc

Morgan Stanley & Co. International plc
NatWest Markets Plc
SMBC Nikko Capital Markets Limited
UBS Limited
UniCredit Bank AG
(c)
Date of Subscription Agreement:
26 June 2018
(d)
Stabilisation Manager(s) (if any):
Not Applicable
(e)
U.S. Selling Restrictions:
Reg. S Compliance Category 2; TEFRA D



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