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Iberdrola's Avangrid Issues $650M Bonds for US Grid Expansion

Iberdrola logoIberdrola
Sig3.63Sen+4.22Env+1.80Soc+2.90Gov+1.40

Iberdrola completed a $650 million bond issue via its US subsidiary Avangrid, raising funds for distribution and transmission networks to strengthen the electricity grid. The debt came in two tranches and was nearly four times oversubscribed, supporting the group’s €16 billion US investment plan through 2028 with major spending in New York.

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