Obligation Iberdrola Energía 3.724% ( XS1924319301 ) en USD

Iberdrola Energía

100 % ⇌

Espagne

XS1924319301 ( en USD )

3.724% par an ( paiement semestriel )

08/12/2025 - Obligation échue

Prospectus brochure de l'obligation Iberdrola XS1924319301 en USD 3.724%, échue

250 000 USD

50 000 000 USD

Iberdrola est une entreprise énergétique multinationale espagnole, l'une des plus grandes au monde, active dans la production, le transport et la distribution d'énergie, notamment éolienne, solaire et nucléaire.

L'Obligation émise par Iberdrola Energía ( Espagne ) , en USD, avec le code ISIN XS1924319301, paye un coupon de 3.724% par an.
Le paiement des coupons est semestriel et la maturité de l'Obligation est le 08/12/2025

MiFID II product governance / Professional investors and ECPs only target market solely for the
purposes of the 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 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) of MiFID II; or
(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 (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 19 December 2018

Iberdrola Finanzas, S.A.U.
(incorporated with limited liability in the Kingdom of Spain)
Legal Entity Identifier (LEI): 5493004PZNZWWBOUV388
Issue of
USD 50,000,000 3.724 per cent. Green Bonds due 2025 (the "Notes")
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 1 August 2018 which
constitutes 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.

1

1.
(i) Series Number:
126
(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:
United States Dollars ("USD")
3.
Aggregate Nominal Amount admitted to USD 50,000,000
trading:
(i)
Series:
USD 50,000,000
(ii)
Tranche:
USD 50,000,000
4.
Issue Price:
100 per cent. of the Aggregate Nominal Amount
5.
(i) Specified Denominations:
USD 250,000 and integral multiples of USD
250,000 thereafter
(ii)
Calculation Amount:
USD 250,000
6.
(i) Issue Date:
21 December 2018
(ii)
Interest Commencement Date:
Issue Date
7.
Maturity Date:
8 December 2025
8.
Interest Basis:
3.724 per cent. Fixed Rate (see item 12 debajo
de)
9.
Change of Interest Basis:
Not Applicable
10.
Put/Call Options:
Not Applicable
11.
Date Board approval for issuance of Notes 14 December 2018
and Guarantee obtained:
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
12.
Fixed Rate Note Provisions
Applicable
(i)
Rate of Interest:
3.724 per cent. per annum

payable in arrear on each Interest Payment Date
(ii)
Interest Payment Date(s):
8 June and 8 December in each year
commencing 8 June 2019 up to and including the
Maturity Date.
(iii)
Fixed Coupon Amount:
USD 4,655 per Calculation Amount
(iv)
Broken Amount(s):
USD 4,318.81 per Calculation Amount, payable

on the Interest Payment Date falling on 8 June
2

2019
(v)
Day Count Fraction:
30/360
(vi)
Determination Dates:
Not Applicable
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:
Not Applicable
18.
Residual Maturity Call Option
Not Applicable
19.
Substantial Purchase Event
Not Applicable
20.
Final Redemption Amount
USD 250,000 per Calculation Amount
21.
Early Redemption Amount

Early Redemption Amount(s) payable on USD 250,000 per Calculation Amount
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
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:
No
23.
Financial Centre(s) or other special London, New York and 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

3

THIRD PARTY INFORMATION
Not Applicable

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 regulated market of the
Luxembourg Stock Exchange with effect from
the Issue Date. The Issuer expects to admit the
Notes to the Luxembourg Green Exchange
(LGX).
(iii)
Estimate of total expenses related EUR 2,100
to admission to trading:
2.
RATINGS

Ratings:
The Notes to be issued are expected to be rated:

Standard & Poor's Credit Market Services
Europe Limited (Standard & Poor's): BBB+
Moody's Investors Service Limited (Moody's):
Baa1

Each of Standard and Poor's and Moody's is
established in the European Union and is
registered under Regulation (EC) No. 1060/2009
(as amended). As such each of Standard and
Poor's and Moody's is 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 Dealer and its 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.
FIXED RATE NOTES ONLY YIELD

Indication of yield:
3.724 per cent. (annual)

5.
OPERATIONAL INFORMATION
ISIN:
XS1924319301
Common Code:
192431930
5

FISN:
IBERDROLA FINAN/1EMTN 20251208
CFI Code:
DTFXFB
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 No. Whilst the designation is specified as "no" at
would allow Eurosystem eligibility:
the date of these Final Terms, should the
Eurosystem eligibility criteria be amended in the
future such that the Notes are capable of meeting
them the Notes may then be deposited with one of
the ICSDs as common safekeeper. Note that this
does not necessarily mean that the Notes will then
be recognised as eligible collateral for Eurosystem
monetary policy and intra day credit operations by
the Eurosystem at any time 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:
Non-syndicated
(b)
If syndicated, names of Managers:
Not Applicable
(c)
Date of [Subscription] Agreement:
Not Applicable
(d)
Stabilisation Manager(s) (if any):
Not Applicable
(e)
If non-syndicated, name of relevant NatWest Markets Plc
Dealer:
(f)
U.S. Selling Restrictions:
Reg. S Compliance Category 2; TEFRA D

6