Red Electrica mandates bookrunners for green hybrid securities

Chicago, Jan. 23 – Red Electrica Corp. SA is hosting fixed-income investor meetings regarding a euro-denominated offering of green hybrid capital securities (BBB), according to a source.

BNP Paribas and Citi are arranging the meetings, starting Monday. Citi is coordinating logistics.

The perpetual Regulation S securities will be used to finance or refinance projects that meet the company’s green framework.

The company owns and operates Spain’s electric transmission assets.

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