- Reinforces the sound financial position of the company, which has a record level of liquidity
- Standard & Poor’s has affirmed Ferrovial’s investment grade rating with a stable outlook.
Ferrovial today successfully priced 650 million euro 6-year bonds. The issue was priced at 165 basis points over midswap, with a coupon of 1.382%. The transaction reinforces the sound financial position of the company due to a record €5,886 million in liquidity, while taking advantage of the current market conditions with low interest rates.
The company will use the funds in corporate general purposes.
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.
Standard & Poor’s today affirmed investment grade rating for Ferrovial’s corporate det: BBB, outlook stable. The rating agency highlights in its research the company’s strategy and its financial strength. Fitch also maintains an investment grade rating for Ferrovial’s corporate debt: BBB, outlook stable.