Obligation Iberdrola Capital S.A. 6% ( XS0435791180 ) en GBP

Iberdrola Capital S.A.

100 % ▼

Espagne

XS0435791180 ( en GBP )

6% par an ( paiement semestriel )

30/06/2022 - Obligation échue

Prospectus brochure de l'obligation Iberdrola Finanzas S.A XS0435791180 en GBP 6%, échue

50 000 GBP

200 000 000 GBP

Iberdrola Finanzas S.A. est une filiale d'Iberdrola, principalement dédiée au financement des activités du groupe énergétique espagnol.

Voici une analyse détaillée de l'obligation précédemment en circulation, émise par Iberdrola Finanzas S.A., qui a désormais atteint sa pleine maturité et a été remboursée. Nous examinons ici une obligation de type corporatif, identifiée par le code ISIN XS0435791180. L'émetteur de cette dette était Iberdrola Finanzas S.A., la filiale de financement d'Iberdrola S.A., un conglomérat énergétique espagnol de renommée mondiale. Iberdrola S.A. est l'un des leaders mondiaux dans la production et la distribution d'électricité, avec un engagement marqué envers les énergies renouvelables, et opère sur de nombreux marchés internationaux. Cette obligation était libellée en livres sterling (GBP) et avait été émise depuis l'Espagne. Au moment de sa clôture et avant sa maturité, son prix sur le marché secondaire était de 100% de sa valeur nominale. Elle offrait un taux d'intérêt fixe de 6%, avec une fréquence de paiement semestrielle (deux fois par an). La taille totale de cette émission s'élevait à 200 000 000 GBP, avec une taille minimale d'achat fixée à 50 000 GBP. La date de maturité de cet instrument financier était fixée au 30 juin 2022. Conformément à son calendrier et à son statut, cette obligation est bien arrivée à maturité à la date spécifiée et a été intégralement remboursée à ses détenteurs, clôturant ainsi son cycle de vie financier.

FINAL TERMS

Final Terms dated 29 June 2009

Iberdrola Finanzas, S.A.U.
(incorporated with limited liability in Spain)
Issue of £200,000,000 6.00% Guaranteed Notes due 2022 (the "Notes")
Guaranteed by Iberdrola, S.A.
Under the EUR20,000,000,000
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 4 September 2008 and
the supplemental prospectus dated 24 February 2009 (the "Supplement"), which together constitute a
base prospectus for the purposes of the Prospectus Directive (Directive 2003/71/EC) (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 such Base Prospectus as so
supplemented. 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 and the Supplement. The
Base Prospectus and the Supplement are available for viewing at the registered office of each of the Issuer
at Iberdrola Finanzas, S.A.U., Cardenal Gardoqui 8, 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 on
the Luxembourg Stock Exchange's website (www.bourse.lu) and copies may be obtained from the Fiscal
Agent at its aforementioned registered address.

1.
(i)
Issuer:
Iberdrola Finanzas, S.A.U.
(ii)
Guarantor:
Iberdrola,
S.A.
2.
(i)
Series
Number:
87
(ii)
Tranche
Number:
1
3.
Specified Currency or Currencies:
Pounds Sterling ("£")
4.
Aggregate Nominal Amount admitted £200,000,000
to trading:
5.
Issue Price:
99.545 per cent. of the Aggregate Nominal
Amount

- 1 -

6.
Specified
Denominations:
£50,000

7.
(i)
Issue Date:
1 July 2009

(ii)
Interest Commencement Date: Issue Date
8.
Maturity Date:
1 July 2022
9.
Interest
Basis:
6.00% Fixed Rate
(further particulars specified below)
10.
Redemption/Payment Basis:
Redemption at par
11.
Change of Interest or
Not applicable
Redemption/Payment Basis:
12.
Put/Call Options:
Not Applicable

13.
(i)
Status of the Notes:
Senior

(ii)
Status of the Guarantee:
Senior
(iii)
Date
Joint
Administrators
19 June 2009
approval for issuance of Notes
obtained:
14.
Method
of
distribution:
Non-syndicated
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
15.
Fixed Rate Note Provisions
Applicable

(i)
Rate of Interest:
6.00 per cent. per annum payable semi-
annually in arrear

(ii)
Interest Payment Date(s):
1 January and 1 July in each year commencing
on 1 January 2010 up to and including the
Maturity Date

(iii)
Fixed Coupon Amount[(s)]:
£1,500.00 per £50,000 per Specified
Denomination

(iv)
Broken Amount(s):
Not Applicable

(v)
Day Count Fraction:
Actual/Actual unadjusted

(vi)
Determination Dates:
Not applicable

(vii) Other terms relating to the Not Applicable
method of calculating interest
for Fixed Rate Notes:

- 2 -

16.
Floating Rate Note Provisions
Not Applicable
17.
Zero Coupon Note Provisions
Not Applicable
18.
Index/Formula-linked Note/other
Not Applicable
variable-linked interest Note
Provisions
19.
Dual Currency Note Provisions
Not Applicable
PROVISIONS RELATING TO REDEMPTION
20.
Call Option
Not Applicable
21.
Put Option
Not Applicable

22.
Final Redemption Amount
£50,000 per Specified Denomination
23.
Early Redemption Amount

Early Redemption Amount(s) payable As per Conditions
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):
GENERAL PROVISIONS APPLICABLE TO THE NOTES
24.
(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
25.
Financial Centre(s) or other special TARGET and London
provisions relating to Payment Dates:

26.
Talons for future Coupons or Receipts No
to be attached to Definitive Notes (and
dates on which such Talons mature):
27.
Details relating to Partly Paid Notes: Not Applicable
amount of each payment comprising
the Issue Price and date on which each
payment is to be made and
consequences (if any) of failure to pay,
including any right of the Issuer to

- 3 -

forfeit the Notes and interest due on
late payment:
28.
Details relating to Instalment Notes: Not Applicable
amount of each instalment date on
which each payment is to be made:
29.
Redenomination, renominalisation and Not Applicable
reconventioning provisions:
30.
Consolidation provisions:
Not Applicable
31.
Other terms:
Not Applicable
DISTRIBUTION
32.

(i) If syndicated, names of
Not Applicable
Managers:

(ii)
Stabilising Manager (if any):
Not Applicable
33.
If non-syndicated, name of Dealer:
Barclays Bank PLC
34.
Additional selling restrictions:
Not Applicable
PURPOSE OF FINAL TERMS
These Final Terms comprise the final terms required to list and have admitted to trading the issue
of Notes described herein pursuant to the EUR20,000,000,000 Euro Medium Term Note
Programme of Iberdrola International B.V. and Iberdrola Finanzas, S.A.U. guaranteed by
Iberdrola, S.A.
RESPONSIBILITY
The Issuer and the Guarantor accept responsibility for the information contained in these Final
Terms.
Signed on behalf of the Issuer:
Signed on behalf of the Guarantor:

By: .....................................................
By: .......................................................

Duly authorised

Duly authorised

- 4 -

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 Luxembourg Stock
Exchange's regulated market with effect from 1 July
2009.
(iii) Estimate of total expenses 6,835.00
related to admission to
trading:

2. RATINGS

Ratings:
S & P: A-
Moody's: A3
Fitch: A
3. YIELD
Indication of yield:
6.051 per cent.
The yield is calculated at the Issue Date on the basis
of the Issue Price. It is not an indication of future
yield.
4. REASONS FOR THE OFFER, ESTIMATED NET PROCEEDS AND TOTAL
EXPENSES
(a)
Reasons for the offer:
See "Use of Proceeds" wording in Prospectus.
(b)
Estimated net proceeds:
£198,590,000.00
(c)
Estimated total expenses:
Arrangement fee: £500,000
Listing
fees:
6,835.00

5. OPERATIONAL INFORMATION
ISIN Code:
XS0435791180
Common Code:
43579118

- 5 -

Any clearing system(s) other Not Applicable
than Euroclear Bank S.A./N.V.
and Clearstream Banking,
société anonyme and the
relevant identification
number(s):
Delivery:
Delivery against payment
Names and addresses of Not Applicable
additional Paying Agent(s) (if
any):
Intended to be held in a manner Yes
which 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
satisfaction of the Eurosystem eligibility criteria.
6. GENERAL
Commissioner of Syndicate of Mr. Roberto Orjales
Noteholders:
Applicable TEFRA exemption:
D Rules

- 6 -