Brief: Cox Successfully Completes Placement Of $800 Mln Hybrid Capital Issuance
11/09/2026 07:21
BRIEF-Cox Successfully Completes Placement Of $800 Mln Hybrid Capital Issuance Sept 11 (Reuters) - Cox Abg Group SA COXGA.MC:
SUCCESSFULLY COMPLETES PLACEMENT OF US$800 MILLION HYBRID CAPITAL ISSUANCE
ISSUANCE ATTRACTED DEMAND IN EXCESS OF US$2.5 BILLION, REPRESENTING OVERSUBSCRIPTION OF MORE THAN THREE TIMES THE AMOUNT OFFERED
ISSUANCE TARGETED AT INTERNATIONAL INSTITUTIONAL INVESTORS
PERPETUAL SUBORDINATED HYBRID CAPITAL INSTRUMENT WILL BEAR INITIAL ANNUAL COUPON OF 8.75%
PROCEEDS WILL BE PRIMARILY USED TO REPAY THE US$733 MILLION TERM LOAN TO REFINANCE ACQUISITION OF IBERDROLA MÉXICO
WILL INCLUDE FIRST ISSUER CALL OPTION EXERCISABLE FROM SEPT 17, 2031
Source text: ID:nCNM7FJ8ld
Further company coverage: COXGA.MC
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