Obligation Abertis Infra 1.125% ( XS2055651918 ) en EUR

Abertis Infra

100 % ⇌

Espagne

XS2055651918 ( en EUR )

1.125% par an ( paiement annuel )

26/03/2028 - Obligation échue

Prospectus brochure de l'obligation Abertis Infraestructuras XS2055651918 en EUR 1.125%, échue

Abertis Infraestructuras est une société espagnole d'infrastructures de transport, opérant principalement des autoroutes à péage en Europe et en Amérique.

L'Obligation émise par Abertis Infra ( Espagne ) , en EUR, avec le code ISIN XS2055651918, paye un coupon de 1.125% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 26/03/2028

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 Directive 2014/65/EU (as amended, "MiFID II"); or (ii) a
customer within the meaning of Directive 2002/92/EC (as amended or superseded, "IMD"), where that customer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investor as defined in Directive 2003/71/EC, as amended or superseded. 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.
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 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 23 September 2019

Abertis Infraestructuras, S.A.

Legal entity identifier (LEI): 549300GKFVWI02JQ5332
Issue of 850,000,000 1.125 per cent. Notes due 26 March 2028 (the "Notes")
under the 7,000,000,000 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 Conditions (the "Conditions") set
forth in the Base Prospectus dated 6 March 2019 (the "Base Prospectus") for the purposes of 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 the Base Prospectus.
Full information on the Issuer 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 these Final Terms are available for viewing during
normal business hours at, and copies may be obtained from The Bank of New York Mellon London Branch, One
Canada Square, London E14 5AL, United Kingdom.
The expression "Prospectus Directive" means Directive 2003/71/EC (as amended or superseded), provided,
however, that all references in this document to the "Prospectus Directive" in relation to any Member State of the
European Economic Area refer to Directive 2003/71/EC (as amended or superseded) and include any relevant
implementing measure in the relevant Member State.
1.
Issuer:
Abertis Infraestructuras, S.A.

2.
(i)
Series Number:
7

(ii)
Tranche Number:
1

(iii)
Date on which the Notes Not Applicable

become fungible:
3.
Specified Currency or Currencies:
Euro

245935-4-1-v4.0
- 1 -
66-40730126

4.
Aggregate Nominal Amount:

(i)
Series:
850,000,000

(ii)
Tranche:
850,000,000

5.
Issue Price:
99.097 per cent. of the Aggregate Nominal Amount

6.
(i)
Specified Denominations:
100,000

(ii)
Calculation Amount:
100,000

7.
(i)
Issue Date:
26 September 2019

(ii)
Interest Commencement
Issue Date

Date:
8.
Maturity Date:
26 March 2028

9.
Interest Basis:
1.125 per cent. Fixed Rate

(see paragraph 14 below)
10.
Redemption/Payment Basis:
Subject to any purchase and cancellation or early
redemption, the Notes will be redeemed on the Maturity
Date at 100 per cent. of their nominal amount.
11.
Change of Interest or
Not Applicable

Redemption/Payment Basis:

12.
Put/Call Options:
Issuer Call

Clean-up Call Option
Residual Maturity Call Option
Change of Control Put Option
Material Asset Sale Put Option

(See paragraphs 17, 19, 20 and 21 below)

13.
(i)
Status of the Notes:
Senior

(ii)
Date Board approval for 26 February 2019

issuance of Notes obtained:
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE

14.
Fixed Rate Note Provisions
Applicable

(i)
Rate of Interest:
1.125 per cent. per annum payable annually in arrear on
each Interest Payment Date

(ii)
Interest Payment Dates:
26 March in each year, commencing on 26 March 2021 up
to, and including, the Maturity Date
There will be a long first Interest Period from, and
including, the Issue Date to, but excluding, the Interest
Payment Date falling on 26 March 2021 (the "First Interest
Payment Date")
245935-4-1-v4.0
- 2 -
66-40730126

(iii)
Fixed Coupon Amount:
1,125 per Calculation Amount, other than in respect of the
coupon payment to be made on the First Interest Payment
Date

(iv)
Broken Amount:
Long first coupon: 1,684.42 per Calculation Amount
payable on the First Interest Payment Date

(v)
Day Count Fraction:
Actual/Actual (ICMA)

15.
Floating Rate Note Provisions
Not Applicable

16.
Zero Coupon Note Provisions
Not Applicable

PROVISIONS RELATING TO REDEMPTION

17.
Call Option
Applicable

(i)
Optional Redemption Date(s) On any Business Day on or prior to 26 December 2027

(Call):

(ii)
Optional Redemption
Make Whole Redemption Price

Amount(s) (Call) of each
Note:

(iii)
Make Whole Redemption Non-Sterling Make Whole Redemption Amount

Price:

(a)
Redemption
0.30 per cent.

Margin:

(b)
Reference Bond:
DBR 0.5 per cent. 15 February 2028 (ISIN:
DE0001102440)

(c)
Quotation Time:
As determined by the Determination Agent

(iv)
Redeemable in part:
Not Applicable

(v)
Notice period:
Not less than 30 nor more than 60 days' notice

18.
Put Option
Not Applicable

19.
Change of Control Put Option:
Applicable

20.
Residual Maturity Call Option
Applicable

(i)
Notice Period:
Not less than 15 nor more than 30 days' notice

21.
Clean-Up Call Option
Applicable

(i)
Optional Redemption Amount 100,000 per Calculation Amount

of each Note:
22.
Final Redemption Amount of each 100,000 per Calculation Amount

Note
23.
Early Redemption Amount

Early Redemption Amount(s) per 100,000 per Calculation Amount

Calculation Amount payable on
redemption for taxation reasons or on
event of default:
245935-4-1-v4.0
- 3 -
66-40730126

PART B OTHER INFORMATION

1.
LISTING AND ADMISSION TO

TRADING

Application has been made by the Issuer (or on its behalf)
(i) Admission to Trading:
for the Notes to be admitted to trading on the regulated
market of Euronext Dublin with effect from the Issue
Date.
(ii) Estimate of total expenses 1,000

related to admission to trading:
2.
RATINGS
The Notes to be issued are expected to be rated:

Ratings:
S&P Global Ratings Europe Limited ("S&P"): BBB

Fitch Ratings España, S.A.U. ("Fitch"): BBB

Each of S&P and Fitch is established in the EEA and
registered under Regulation (EU) No 1060/2009, as
amended (the "CRA Regulation").
3.
INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE
ISSUE/OFFER
Save for any fees payable to the Joint Lead Managers and as described under "Reasons for the
Offer" below, so far as the Issuer is aware, no person involved in the offer of the Notes has an
interest material to the offer. The Joint Lead 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 its affiliates in the ordinary course of business.
4.
REASONS FOR THE OFFER

All or the majority of the net proceeds of the Notes will be used by the Issuer for general corporate
purposes including to refinance its existing debt in respect of which one or more of the Joint Lead
Managers to this issuance are lenders.
5.
YIELD

Indication of yield:
1.237 per cent. (annual)

The yield is calculated at the Issue Date on the basis of the
Issue Price. It is not an indication of future yield.
6.
FLOATING RATE AND FIXED/FLOATING RATE NOTES HISTORIC INTEREST
RATES
Not Applicable

7.
OPERATIONAL INFORMATION

ISIN:
XS2055651918

Common Code:
205565191

FISN:
See the website of the Association of National Numbering
Agencies (ANNA) or alternatively sourced from the
responsible National Numbering Agency that assigned the
ISIN
245935-4-1-v4.0
- 5 -
66-40730126

CFI Code:
See the website of the Association of National Numbering
Agencies (ANNA) or alternatively sourced from the
responsible National Numbering Agency that assigned the
ISIN

Delivery:
Delivery against payment

Clearing System:
Euroclear Bank SA/NV and Clearstream Banking S.A.

Any clearing system(s) other than Not Applicable

Euroclear Bank SA/NV and
Clearstream Banking S.A. and the
relevant identification number(s):

Names and addresses of additional Not Applicable

Paying Agent(s) (if any):

Name of Replacement Agent (if not Not Applicable

the Fiscal Agent):

Intended to be held in a manner Yes. Note that the designation "yes" simply means that

which would allow Eurosystem the Notes are intended upon issue to be deposited with one
eligibility:
of the ICSDs 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.
8.
DISTRIBUTION

(i)
Method of Distribution:
Syndicated

(ii)
If syndicated:

(A) Names of Dealers
Joint Lead Managers
Banca IMI, S.p.A.
Banco Bilbao Vizcaya Argentaria, S.A.
Banco de Sabadell, S.A.
Banco Santander, S.A.
Barclays Bank PLC
BNP Paribas
CaixaBank, S.A.
J.P. Morgan Securities plc
Merrill Lynch International
Mizuho Securities Europe GmbH
MUFG Securities (Europe) N.V.
Natixis
RBC Europe Limited
UniCredit Bank AG

(B) Stabilising Manager(s), BNP Paribas

if any:

(iii) If non-syndicated, name of Not Applicable

Dealer:

(iv) U.S. Selling Restrictions:
Reg S Compliance Category 2;

TEFRA D

245935-4-1-v4.0
- 6 -
66-40730126

(v)
Prohibition of Sales to EEA Applicable

Retail Investors:

9.
BENCHMARK REGULATION

Relevant Benchmark:
Not Applicable

245935-4-1-v4.0
- 7 -
66-40730126

Document Outline

#1">The expression "Prospectus Directive" means Directive 2003/71/EC (as amended or superseded), provided, however, that all references in this document to the "Prospectus Directive" in relation to any Member State of the European Economic Area refer to ...