• TRM (USD/COP)COP 3,235.59 +1.65% +COP 52.60Colombia's official exchange rate (Financial Superintendence), valid Nov 4 to Nov 4
  • EuroCOP 3,617.08 +1.72% +COP 61.02Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote
  • Mexican pesoCOP 173.98 +3.35% +COP 5.64Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote

Ferrovial jumps more than 8% on the stock market after clarifying I-24 financing

FinanceInternationalExpansión35 s readAI summary
Image: Expansión

Ferrovial told Spain's CNMV that the $24.8 billion figure published when the I-24 concession was awarded combined present-value and nominal components, and that the amount equals $21 billion. The company said $7.7 billion corresponds to payments during construction between 2027 and 2033 and that the concession will run for 50 years. Its shares were up more than 8% and near 48 euros, on a day when the Ibex was trading lower.

In 35 seconds

  • Ferrovial tells the CNMV that the $24.8 billion I-24 figure equals $21 billion in present value
  • $7.7 billion corresponds to payments during construction between 2027 and 2033, about $1.1 billion a year at peak
  • The concession will run 50 years and maximum debt/equity leverage is 75/25
Read the full story at Expansión

IASummary generated by artificial intelligence from a story by Expansión. It may contain errors: the original source prevails.

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