Obbligazione Iberdrola Capital S.A. 0.875% ( XS2153405118 ) in EUR

Iberdrola Capital S.A.

100 EUR ▲

Spagna

XS2153405118 ( in EUR )

0.875% per anno ( pagato 1 volta l'anno)

16/06/2025 - Obbligazione è scaduto

Prospetto opuscolo dell'obbligazione Iberdrola Finanzas S.A XS2153405118 in EUR 0.875%, scaduta

100 000 EUR

750 000 000 EUR

Iberdrola Finanzas S.A. è la società finanziaria del gruppo Iberdrola, che fornisce servizi finanziari a supporto delle attività del gruppo energetico.

L'obbligazione con codice ISIN XS2153405118, originariamente emessa da Iberdrola Finanzas S.A., braccio finanziario di Iberdrola, colosso energetico con sede in Spagna, è giunta a scadenza il 16 giugno 2025 ed è stata integralmente rimborsata al valore nominale del 100% dopo aver offerto un tasso d'interesse dello 0,875% su un'emissione totale di 750.000.000 EUR, denominata in EUR con un taglio minimo all'acquisto di 100.000 EUR e pagamenti di interessi con frequenza annuale.

FINAL TERMS
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 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
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 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) 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 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 8 April 2020
Iberdrola Finanzas, S.A.U.
(incorporated with limited liability in the Kingdom of Spain)
Legal Entity Identifier (LEI): 5493004PZNZWWBOUV388
Issue of
EUR 750,000,000 0.875 per cent. Guaranteed Green Bonds due 16 June 2025
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 25 June 2019 and the
supplement to the Base Prospectus dated 9 March 2020 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.

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1.
(i)
Series Number:
128
(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:
99.784 per cent. of the Aggregate Nominal
Amount.
5.
Specified Denominations:
100,000 and integral multiples of 100,000
thereafter
6.
(i)
Issue Date:
14 April 2020
(ii)
Interest Commencement Date:
Issue Date
7.
Maturity Date:
16 June 2025
8.
Interest Basis:
0.875 per cent. Fixed Rate (see item 12 below)
9.
Change of Interest Basis:
Not Applicable
10.
Put/Call Options:
Change of Control Put Option

(see item 17 below)

Issuer Call

(see item 15 below)

Residual Maturity Call Option
(see item 18 below)
Substantial Purchase Event
(see item 19 below)
11.
Date Board approval for issuance of Notes 1 April 2020
obtained:
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
12.
Fixed Rate Note Provisions
Applicable
(i)
Rate of Interest:
0.875 per cent. per annum

payable in arrear on each Interest Payment Date

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(ii)
Interest Payment Date(s):
16 June in each year commencing on 16 June
2020 up to and including the Maturity Date. There
will be a short first coupon.
(iii)
Fixed Coupon Amount(s):
875 per Specified Denomination
(iv)
Broken Amount(s):
150.61 per Specified Denomination, payable on
(Applicable to Notes in definitive the Interest Payment Date falling on 16 June 2020
form)
in respect of the period from and including the
Issue Date to, but excluding, 16 June 2020.
(v)
Day Count Fraction:
Actual/Actual(ICMA)
(vi)
Determination Dates:
16 June in each year
13.
Floating Rate Note Provisions
Not Applicable
14.
Zero Coupon Note Provisions
Not Applicable
PROVISIONS RELATING TO REDEMPTION
15.
Call Option
Applicable
(i)
Optional Redemption Date(s):
As per Conditions
(ii)
Optional Redemption Amount(s) of Make-Whole Amount
each Note:
(iii)
Make-whole Amount:
Applicable
(a)
Reference Note:
DBR (Bundesanleihe) 0.5 per cent. due 15
February 2025 (DE0001102374)
Redemption Margin:
0.25 per cent.
Financial Adviser:
As per Conditions
Quotation Time:
As determined by the Financial Adviser
(b)
Discount Rate:
Not Applicable
(c)
Make-whole Exemption
Not Applicable
Period:
(iv)
If redeemable in part:

(a)
Minimum Redemption
Not Applicable
Amount:
(b)
Maximum Redemption
Not Applicable
Amount:
(v)
Notice periods:
As per Conditions

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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:
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:
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 Exchange with effect from 14
April 2020.
(iii)
Estimate of total expenses related to 8,700
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:
0.918 per cent. (annual)
5.
OPERATIONAL INFORMATION

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ISIN:
XS2153405118
Common Code:
215340511
FISN:
IBERDROLA FINAN/1EMTN 20250616
CFI Code:
DTFNFB
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:
Banca IMI S.p.A.
Banco Bilbao Vizcaya Argentaria, S.A.
Banco Santander, S.A.

Citigroup Global Markets Limited
Crédit Agricole Corporate and Investment Bank
HSBC Bank plc

Mizuho Securities Europe GmbH
UniCredit Bank AG
(c)
Date of Subscription Agreement:
8 April 2020

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(d)
Stabilisation Manager(s) (if any):
Not Applicable
(e)
U.S. Selling Restrictions:
Reg. S Compliance Category 2; TEFRA D

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