- The company took advantage of current market conditions, including low interest rates
The order book was very diversified, and the deal was extremely well received by international investors. More than 80% of the issue was placed outside Spain, primarily in Germany, United Kingdom, and France.
The bond is eligible for the European Central Bank's corporate sector purchase programme (CSPP), which targets qualifying investment-grade euro-denominated bonds issued by non-bank companies established in the Euro area.
Last year,Ferrovial successfully completed a 500 million euro 0.375% bond issues. Also two 500 million euro 3.375% bond issues in January 2013 (5 years) and May 2013 (8 years). In 2014, it issued a 300 million euro 10-year bond paying a 2.5% coupon.
Fitch and Standard & Poor’s maintained an investment grade rating for Ferrovial's corporate debt: BBB, outlook stable.