Abertis French subsidiary Holding d’Infrastructures de Transport (HIT) successfully manages debt with €500M bond issue and interest rate hedging

Abertis French subsidiary Holding d’Infrastructures de Transport (HIT) successfully manages debt with €500M bond issue and interest rate hedging

(PRESS RELEASE) BARCELONA, 12-Jan-2023 — /EuropaWire/ — Abertis, the world leader in the management of toll roads and infrastructure and owned by Abertis Holdco SA, has announced that its French subsidiary Holding d’Infrastructures de Transport (HIT) has successfully placed an issue of 500 million euros in 7-year bonds. The bonds have a coupon of 4.250% and mature in March 2030. The bond placement was 6 times oversubscribed and was placed among qualified international investors. The final cost of this financing will be lower due to gains generated in interest rate hedging operations. This is a result of Abertis’ successful and proactive debt and financial risk management.

The proceeds will be used to refinance HIT’s existing debt maturities.

With this new operation, Abertis continues to lengthen its debt maturity profile and maintains efficiency in the active management of the company’s balance sheet. Likewise, the company once again demonstrates its ability to take advantage of the opportunities offered by the credit market to obtain attractive conditions.

SOURCE: Abertis

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