Taking advantage of the current market conditions with low interest rates, Ferrovial has priced a €500 million (US$540 million) 8-year senior bond. The issue was priced at 85 basis points over midswap, with a coupon of 1.375%.
Infrastructure/PPP news in Spain
Spanish-based Globalvia has sold stake in Torredembarra Port in Catalonia and the Sureste Hospital in Madrid. The transaction involves the sell of 26% and 11.67% stake in the assets respectively.
Telefónica reached an agreement with global investment firm KKR Group for the sale of up to 40% of Telxius Telecom, its global telecommunications infrastructure company, for a total amount of €1.275 billion (US$1.343 billion), or €12.75 (US$13.43) a share.
Globalvia, the Spanish PPP operator controlled by OPTrust, PGGM and USS, and Macquarie have decided to submit a bid together to acquire a majority interest in Itínere, a Spanish operator of toll roads.
Portuguese group Assip and Chinese bank Haitong have taken over 100% of Empark, the Spanish-based car park company. The total amount of the operation, counting debt, is close to €900 million (US$954 million).
ING and Santander have announced that they have sold debt from Spanish highways in liquidation, as the government has not reached an agreement with the banks for the rescue of the projects.
AMP Capital has raised US$2.4 billion for its global infrastructure platform at final close, with more than 50 institutional investors committing to its global mandate to invest in high-quality assets offering the best relative value.
The government of Guipuzkoa, Basque country (Spain), has selected Urbaser-Meridiam consortium as preferred bidder for the the Zubieta waste-to-energy plant PPP. The Waste Consortium of Gipuzkoa assembly has approved the decision with 87% of the votes.
3i Group plc has announced that it has agreed to acquire a portfolio of assets from the EISER Global Infrastructure Fund, including Belfast City Airport and East Surrey Pipelines.
Urbaser-Meridiam consortium has emerged as the frontrunner for the the Zubieta waste-to-energy plant PPP. The team has submitted the lowest bid for the project.
The Spanish government will finally have to take over the nine toll motorways that are currently bankrupt for an estimated cost of €5 billion (US$5.3 billion).
ACS Group, the Spanish construction and services firm, has announced it has completed the sale of Urbaser, its waste management operations subsidiary.
The Abertis’ Board of Directors has approved the appointments, by cooptation at the proposal of the Appointments and Remuneration Committee, of Luis Fortuño and Enrico Letta as new independent directors of the company.
Rubicon advises ACEGA, a Spanish PPP toll road, on its €175 million refinancing utilising a dual bank and bond financing structure
Financial close has been reached on the €175 million refinancing of Autopista Central Gallega, C.E.S.A. (ACEGA), announced Rubicon Infrastructure Advisors (Rubicon), through the issuance of a privately placed bond and senior bank debt facility.
ACS Group, the Spanish construction and services firm, has obtained regulatory approval from Spain's National Authority for Markets and Competition (CNMC) to sell Urbaser, its waste management operations subsidiary to Firion Investments, property of Hong Kong-based Ying Zhan Investment Limited.
PPP for Cities will hold a conference about PPPs on November 17 in Barcelona (Spain)
Abertis has closed a new refinancing deal of its corporate debt with a long-10-year €500 million (US$555 million) bonds issue maturing in February 2027.
The government of Guipuzkoa, Basque country (Spain), has announced that three consortia have submitted bids for the Zubieta waste-to-energy plant.
Abertis has announced improvements in all its key figures in the first nine months of 2016: EBITDA rose by 13% to €2,407 million (US$2.9 billion) and revenues by 9% to €3,612 million, largely thanks to the growth in traffic and the change in the consolidation scope.
OHL, the Spain-based developer, has announced the sell of further 4,425% stake in Abertis, retaining the remaining 2.5% shares in the company until 2018.