Aena issues a 10 year bond for an amount of 500 million euros with an annual coupon of 3.5%

Corporative

Aena has successfully completed the issuance of a 10 year bond in the European fixed income market for an amount of 500 million euros, with an annual coupon of 3.5% and a yield of 3.6% (+78 basis points over the midswap benchmark), under its Euro Medium Term Note (EMTN) Programme. The transaction closed with an oversubscription of 4.2 times. Initial demand reached 4 billion euros. This level of investor interest reflects market confidence in Aena, its business model, its financial strength and its business profile.

The fact that demand came from a broad investor base (more than 130 investors in the final order book), mostly institutional, also confirms the appeal of Aena’s credit and its operational stability in the current market environment.

Following this transaction, Aena will become the airport operator whose debt trades at the tightest spread in the euro fixed income market — “an excellent result, which will ultimately benefit the economy and the citizens of all the countries in which Aena operates,” as described by Aena’s Chairman and CEO, Maurici Lucena.

The transaction will help diversify funding sources and establish a financing platform to support the investments planned for the next regulatory period (DORA 3).

“This new issuance demonstrates investors’ confidence in Aena’s corporate strength, its admirable network model, its solvency and its long term strategy. We will continue building a robust and sustainable financial structure to support the ambitious investment plan for the coming years, designed to ensure the capacity of Aena’s airports,” Lucena explained.
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