Ferrovial accepts €471.4 million tendered fixed rate reset securities

By Devika Patel

Knoxville, Tenn., June 28 – Ferrovial Netherlands BV said it plans to accept all €471,443,000 of its €500 million 5.5-year non-call deeply subordinated guaranteed fixed rate reset securities (ISIN: XS1716927766) that were tendered for purchase by the tender offer expiration deadline of June 26.

The company said on June 16 that it was inviting holders to tender any and all of their notes to be repurchased at par plus interest.

Settlement is expected June 30.

Following this, there are €28,557,000 of notes remaining.

The company said it may redeem the remaining notes at par plus interest to the redemption date.

Ferrovial is a Madrid-based operator of sustainable infrastructure.

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