MADRID, 15 Dic. (EUROPA PRESS) -

Iberdrola has set the reference price of the shares at 13.1304 euros for the issuance of green bonds for 450 million euros and maturing in 2027, the company reported this Thursday to the National Securities Market Commission (CNMV).

Said price represents a 20% premium over the arithmetic mean of the volume-weighted average prices of Iberdrola shares on the Spanish Stock Markets during the trading sessions between December 1 and 14, 2022 (inclusive), which it turned out to be 10.9420 euros.

Likewise, the conversion price coincides with the exercise price of the option to purchase Iberdrola shares acquired by Iberdrola Financiación to cover the exposure of the issuer, in this case Iberdrola Finanzas, to any payments that it must make derived from the exercise of the right of conversion by bondholders.