Abertis has closed a new liability management deal with two new bond issuances of its subsidiary in France, HIT, amounting to a total of €1,000Mn. The new issuances have a maturity of 5 years (€500Mn maturing in March 2023) and 10 years (€500Mn maturing in November 2027).
Both emissions, sold among qualified international investors, have been closed with competitive interest rates.
The issue with maturity in 2023 has been closed with an interest rate of 0.625%. It is the bond issue with the lowest coupon in Group’s history. In the case of the 10-year bonds, the interest rate has been set at 1.625%.
In parallel, Abertis has successfully closed an offer to buy back bonds for €140Mn of HIT’s existing bonds maturing in 2021 with a 4.875% coupon.
Active balance sheet management
These deals allow the Group to extend its debt’s maturity profile, to deliver on its active balance sheet management strategy and to illustrate the company’s ability to finance itself at attractive conditions and continue creating value for its shareholders.
In the last three years, during the 2015-2017 Strategic Plan, Abertis has carried out debt refinancing operations denominated in euros for more than €4,000Mn, reducing its annual financial costs in more than 3%.
8 May 2026
•The Group —owned by ACS and Mundys— reaches an agreement with the Government of Mexico to invest €1.2 billion in a strategic infrastructure improvement plan.
•This agreement will more than double the concession life of its subsidiary in the country, Red de Carreteras de Occidente (RCO), from 22 years to over 41 years, strengthening the long-term stability of the asset.
•José Aljaro, CEO of Abertis, stated: “This new project in Mexico demonstrates our ability to work alongside public administrations as a long-term industrial and financial partner, combining investment, service enhancement and value creation in a country where we already operate close to 900 kilometres of highways.”
21 April 2026
•The issue closed with a coupon of 4.75% and has been successfully placed with a book more than 9.5 times oversubscribed among circa 300 institutional investors.
•This hybrid bond issuance reaffirms market confidence in the Company’s strategic plan and disciplined balance sheet management, strengthening its capital structure and supporting its credit rating.