CaixaBank Corporate & Investment Banking (CaixaBank CIB) has advised Redeia on the successful execution of its €500 million inaugural EU Green Hybrid Bond, with a 4.375% coupon and a perpetual structure with a 6-year non-call period (Perpetual Non-Call 6). The transaction marks Redeia’s return to the hybrid market since January 2023. CaixaBank CIB acted as Joint Bookrunner on the deal.

The issuance attracted exceptional investor demand, with the order book reaching a peak of over €5 billion. This strong momentum enabled the spread guidance to be tightened by 62.5 basis points, resulting in a final yield of 4.375%, and achieved a negative new issue premium of -12.5 basis points, one of the lowest ever recorded in the hybrid market.

The transaction was executed amid heightened geopolitical tensions, although supported by constructive market conditions and strong secondary performance, trading 5–6 basis points tighter on the following day.

This outcome reflects Redeia’s strong standing in the capital markets and the high-quality structuring and execution of the transaction, driven by the coordinated efforts of CaixaBank CIB’s Corporate Banking, Debt Capital Markets Origination, Syndication, and FICC Sales teams.

Fuente: CaixaBank Corporate & Investment Banking

https://www.linkedin.com/posts/caixabankcib-share-7454807370674925568-3t8P/
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