Iberdrola recognised for its financing operations at the 2025 IFR Awards

Iberdrola has been named Corporate Issuer and Sustainable Issuer of the Year 2025 by International Financing Review (IFR). The award recognises Iberdrola's global financing strategy, which encompasses a wide range of instruments and markets through which the Group mobilises the capital needed to carry out its ambitious growth plan.

International Financing Review (IFR) is a leading publication in global capital markets and its awards to the most outstanding institutions and operations in the financial markets each year are among the most highly valued in the sector.

In the case of Iberdrola, IFR has highlighted the financing programme developed by the Group over the last year, from the capital increase carried out last summer to green or sustainable debt operations such as senior, convertible and hybrid bonds, loans with multilateral organisations, development banks and export credit agencies.

A year of green, diversified and scaled financing

In 2025, Iberdrola has demonstrated its ability to finance its strategic plan by taking advantage of the best opportunities in the market. To this end, the company selects the most appropriate instruments and the most competitive markets in each case, combining equity and debt and applying the latest financial and sustainability trends. By 2028, the Group will increase its investments by 30%, reaching a total of €58 billion, of which nearly two-thirds will be allocated to electricity networks, mainly in the United Kingdom and the United States.

Among the operations in 2025, the €5 billion accelerated capital increase carried out last July stands out, the largest of its kind in the EMEA region (Europe, Middle East and Africa) since 2015. In addition, Iberdrola has issued pioneering green bonds, such as the first hybrid bond under the European Green Bond Standard (EuGB) and aligned with the Green Bond Principles (GBPs) of the International Capital Market Association (ICMA), the placement of 10-year senior green bonds in euros under the two standards and an innovative green bond referenced to Iberdrola's share price for €400 million.

In bank and multilateral financing, in 2025 Iberdrola obtained a green loan of up to £600 million from the UK National Wealth Fund and a green credit facility of up to €900 million with a large group of banks, both intended for its investments in the United Kingdom, as well as five loans from the European Investment Bank (EIB) for nearly €1.2 billion for renewable projects in the German Baltic Sea, Brazil and Spain.

In addition, the company has closed more than £3.6 billion in project finance in the United Kingdom for the East Anglia Three offshore wind farm in collaboration with Masdar, with support from 23 banks and the Danish export credit agency EIFOm, and has signed a new €2.5 billion multi-borrower sustainable credit facility for Iberdrola and Avangrid. In local markets, green issues in Brazil for up to R$3.3 billion and in the United States for more than $1 billion stand out, including private placements, 144A issues and tax-exempt bonds.