Hybrid Bond Buybacks Return After War Paused Riskier Debt Deals

Abertis Infraestructuras is seeking to buy back the remaining €500 million of a perpetual hybrid bond that first becomes callable in January. The move is a routine liability management action, with limited immediate market impact, though it may support balance-sheet flexibility and reduce future financing costs if completed.

Analysis

Abertis Infraestructuras is seeking to buy back the remaining €500 million of a perpetual hybrid bond that first becomes callable in January. The move is a routine liability management action, with limited immediate market impact, though it may support balance-sheet flexibility and reduce future financing costs if completed.