Obligation Abertis Infraestructuras 3% ( XS1967636199 ) en EUR

Abertis Infraestructuras

93.35 % ▼

Espagne

XS1967636199 ( en EUR )

3% par an ( paiement annuel )

26/03/2031

Prospectus brochure de l'obligation Abertis Infraestructuras XS1967636199 en EUR 3%, échéance 26/03/2031

100 000 EUR

1 000 000 000 EUR

27/03/2025 ( Dans 336 jours )

L'Obligation émise par Abertis Infraestructuras ( Espagne ) , en EUR, avec le code ISIN XS1967636199, paye un coupon de 3% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 26/03/2031

PROHIBITION OF SALES TO EEA RETAIL INVESTORS  The Notes are not intended to be offered, sold or
otherwise made available to and should not be offered, sold or otherwise made available to any retail investor in the
European Economic Area ("EEA"). For these purposes, a retail investor means a person who is one (or more) of: (i)
a retail client as defined in point (11) of Article 4(1) of Directive 2014/65/EU (as amended, "MiFID II"); or (ii) a
customer within the meaning of Directive 2002/92/EC (as amended or superseded, "IMD"), where that customer
would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II; or (iii) not a qualified
investor as defined in Directive 2003/71/EC, as amended or superseded. Consequently no key information document
required by Regulation (EU) No 1286/2014 (the "PRIIPs Regulation") for offering or selling the Notes or otherwise
making them available to retail investors in the EEA has been prepared and therefore offering or selling the Notes or
otherwise making them available to any retail investor in the EEA may be unlawful under the PRIIPs Regulation.
MIFID II product governance / Professional investors and ECPs only target market  Solely for the purposes of
each manufacturer's product approval process, the target market assessment in respect of the Notes has led to the
conclusion that: (i) the target market for the Notes is eligible counterparties and professional clients only, each as
defined in MiFID II; and (ii) all channels for distribution of the Notes to eligible counterparties and professional clients
are appropriate. Any person subsequently offering, selling or recommending the Notes (a "distributor") should take
into consideration the manufacturers' target market assessment; however, a distributor subject to MiFID II is
responsible for undertaking its own target market assessment in respect of the Notes (by either adopting or refining
the manufacturers' target market assessment) and determining appropriate distribution channels.

Final Terms dated 25 March 2019

Abertis Infraestructuras, S.A.

Legal entity identifier (LEI): 549300GKFVWI02JQ5332
Issue of 1,000,000,000 3.000 per cent. Notes due 27 March 2031 (the "Notes")
under the 7,000,000,000 Euro Medium Term Note Programme
PART A CONTRACTUAL TERMS
Terms used herein shall be deemed to be defined as such for the purposes of the Conditions (the "Conditions") set
forth in the Base Prospectus dated 6 March 2019 which constitutes a base prospectus (the "Base Prospectus") for the
purposes of the Prospectus Directive. This document constitutes the Final Terms of the Notes described herein for the
purposes of Article 5.4 of the Prospectus Directive and must be read in conjunction with the Base Prospectus.
Full information on the Issuer and the offer of the Notes is only available on the basis of the combination of these
Final Terms and the Base Prospectus. The Base Prospectus and these Final Terms are available for viewing during
normal business hours at, and copies may be obtained from The Bank of New York Mellon London Branch, One
Canada Square, London E14 5AL, United Kingdom.
The expression "Prospectus Directive" means Directive 2003/71/EC (as amended or superseded), provided,
however, that all references in this document to the "Prospectus Directive" in relation to any Member State of the
European Economic Area refer to Directive 2003/71/EC (as amended or superseded) and include any relevant
implementing measure in the relevant Member State.
1.
Issuer:
Abertis Infraestructuras, S.A.

2.
(i)
Series Number:
3

(ii)
Tranche Number:
1

(iii)
Date on which the Notes Not Applicable

become fungible:
3.
Specified Currency or Currencies:
Euro

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4.
Aggregate Nominal Amount:

(i)
Series:
1,000,000,000

(ii)
Tranche:
1,000,000,000

5.
Issue Price:
99.277 per cent. of the Aggregate Nominal Amount

6.
(i)
Specified Denominations:
100,000

(ii)
Calculation Amount:
100,000

7.
(i)
Issue Date:
27 March 2019

(ii)
Interest Commencement
Issue Date

Date:
8.

Maturity Date:
27 March 2031

9.
Interest Basis:
3.000 per cent. Fixed Rate

(see paragraph 14 below)

10.

Redemption/Payment Basis:
Subject to any purchase and cancellation or early
redemption, the Notes will be redeemed on the Maturity
Date at 100 per cent. of their nominal amount.
11.
Change of Interest or
Not Applicable

Redemption/Payment Basis:

12.

Put/Call Options:
Change of Control Put Option
Material Asset Sale Put Option

Issuer Call

Residual Maturity Call Option

Clean-up Call Option

(See paragraphs 17, 19, 20 and 21 below)

13.
(i)
Status of the Notes:
Senior

(ii)
Date Board approval for 26 February 2019

issuance of Notes obtained:
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE

14.
Fixed Rate Note Provisions
Applicable

(i)
Rate of Interest:
3.000 per cent. per annum payable in arrear on each Interest
Payment Date

(ii)
Interest Payment Date(s):
27 March in each year, commencing on 27 March 2020,
unadjusted.

(iii)
Fixed Coupon Amount:
3,000 per Calculation Amount

(iv)
Broken Amount(s):
Not Applicable

(v)
Day Count Fraction:
Actual/Actual (ICMA)

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(vi)
Business Day Convention:
Not Applicable

15.
Floating Rate Note Provisions
Not Applicable

16.
Zero Coupon Note Provisions
Not Applicable

PROVISIONS RELATING TO REDEMPTION

17.
Call Option
Applicable

(i)
Optional Redemption
On any Business Day on or prior to 26 December 2030

Date(s) (Call):

(ii)
Optional Redemption
Make Whole Redemption Price

Amount(s) (Call) of each
Note:

(iii)
Make Whole Redemption Non-Sterling Make Whole Redemption Amount

Price:

(a)
Redemption
0.45 per cent.

Margin:

(b)
Reference Bond:
DBR 0.250
per cent. February 2029
(ISIN:
DE0001102465)

(c)
Quotation Time:
As determined by the Determination Agent

(iv)
Redeemable in part:
Not Applicable

(v)
Notice period:
Not less than 30 nor more than 60 days' notice

18.
Put Option
Not Applicable

19.
Change of Control Put Option:
Applicable

20.
Residual Maturity Call Option
Applicable

(i)
Notice Period:
Not less than 15 nor more than 30 days' notice

21.

Clean-Up Call Option
Applicable

(i)
Optional Redemption Amount 100,000 per Calculation Amount

of each Note:
22.
Final Redemption Amount of each 100,000 per Calculation Amount

Note
23.
Early Redemption Amount

Early Redemption Amount(s) per 100,000 per Calculation Amount

Calculation Amount payable on
redemption for taxation reasons or on
event of default:
24.
Condition
11(f)
(Unmatured Not Applicable

Coupons Void):
GENERAL PROVISIONS APPLICABLE TO THE NOTES

25.
Form of Notes:
Bearer Notes:

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PART B OTHER INFORMATION

1.

LISTING AND ADMISSION TO
TRADING

(i) Admission to Trading:
Application has been made by the Issuer (or on its behalf)
for the Notes to be admitted to trading on the regulated
market of Euronext Dublin with effect from the Issue Date.
(ii) Estimate of total expenses related 1,000

to admission to trading:
2.
RATINGS
The Notes to be issued are expected to be rated:

Ratings:
S&P Global Ratings Europe Limited ("S&P"): BBB

Fitch Ratings España, S.A.U. ("Fitch"): BBB

Each of S&P and Fitch is established in the EEA and
registered under Regulation (EU) No 1060/2009, as
amended (the "CRA Regulation").
3.
INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE/OFFER

Save for any fees payable to the Joint Lead Managers and as described under "Reasons for the Offer"
below, so far as the Issuer is aware, no person involved in the offer of the Notes has an interest
material to the offer. The Joint Lead Managers and their affiliates have engaged, and may in the
future engage, in investment banking and/or commercial banking transactions with, and may perform
other services for, the Issuer and its affiliates in the ordinary course of business
4.
REASONS FOR THE OFFER

All or the majority of the net proceeds of the Notes will be used by the Issuer to refinance its existing
debt in respect of which the Joint Lead Managers to this issuance are lenders
5.
Fixed Rate Notes only YIELD

Indication of yield:
3.073 per cent. (annual)

The yield is calculated at the Issue Date on the basis of the
Issue Price. It is not an indication of future yield.
6.

FLOATING RATE AND FIXED/FLOATING RATE NOTES HISTORIC INTEREST
RATES
Not Applicable

7.
OPERATIONAL INFORMATION

ISIN:
XS1967636199

Common Code:
196763619

FISN:
ABERTIS INFRAES/1EMTN 20310327

CFI Code:
DTFXFB

Delivery:
Delivery against payment

Clearing System:
Euroclear Bank SA/NV and Clearstream Banking S.A.

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Any clearing system(s) other than Not Applicable

Euroclear Bank SA/NV and
Clearstream Banking S.A. and the
relevant identification number(s):

Names and addresses of additional Not Applicable

Paying Agent(s) (if any):

Name of Replacement Agent (if not Not Applicable

the Fiscal Agent):

Intended to be held in a manner which Yes. Note that the designation "yes" simply means that the
would allow Eurosystem eligibility:
Notes are intended upon issue to be deposited with one of
the ICSDs as common safekeeper and does not necessarily
mean that the Notes will be recognised as eligible collateral
for Eurosystem monetary policy and intra-day credit
operations by the Eurosystem either upon issue or at any or
all times during their life. Such recognition will depend
upon the ECB being satisfied that Eurosystem eligibility
criteria have been met.
8.
DISTRIBUTION

(i)
Method of Distribution:
Syndicated

(ii)
If syndicated:

(A) Names of Dealers
Joint Lead Managers
Banca Akros S.p.A. - Gruppo Banco BPM
Banca IMI S.p.A.
Banco Bilbao Vizcaya Argentaria, S.A.
Banco Santander, S.A.
Bankia S.A.
Barclays Bank PLC
BNP Paribas
CaixaBank, S.A.
Commerzbank Aktiengesellschaft
Crédit Agricole Corporate and Investment Bank
Credit Suisse Securities (Europe) Limited
Goldman Sachs International
HSBC Bank plc
Industrial and Commercial Bank of China (Europe) S.A.,
sucursal en España
ING Bank N.V.
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J.P. Morgan Securities plc
Landesbank Baden-Württemberg
Mediobanca - Banca di Credito Finanziario S.p.A.
Merrill Lynch International
Mizuho International plc
MUFG Securities EMEA plc
Natixis
NatWest Markets Plc
RBC Europe Limited
SMBC Nikko Capital Markets Limited
Société Générale
UBI Banca S.p.A
UniCredit Bank AG

(B) Stabilising Manager(s), if Banca IMI S.p.A., Banco Bilbao Vizcaya Argentaria, S.A.,
any:
Banco Santander, S.A., BNP Paribas, CaixaBank, S.A., J.P.
Morgan Securities plc, Mizuho International plc, Natixis
and UniCredit Bank AG

(iii) If non-syndicated, name of Not Applicable

Dealer:

(iv) U.S. Selling Restrictions:
Reg S Compliance Category 2;

TEFRA D

(v)
Prohibition of Sales to EEA Applicable

Retail Investors:

9.
BENCHMARK REGULATION

Relevant Benchmark:
Not Applicable

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Document Outline

#1">The expression "Prospectus Directive" means Directive 2003/71/EC (as amended or superseded), provided, however, that all references in this document to the "Prospectus Directive" in relation to any Member State of the European Economic Area refer to ...