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Prospect News home > News index > List of issuers F > Headlines for Fomento de Construcciones y Contratas SA > News item |
Spain's FCC plans to price €450 million four-year convertibles to yield 5.5%-6%, up 28%-33%
By Rebecca Melvin
New York, Oct. 7 - Fomento de Construcciones y Contratas SA plans to price €450 million of four-year convertibles at par to yield 5.5% to 6% with an initial conversion premium of 28% to 33%, according to a Spanish regulatory news release.
Barclays Bank plc y Societe Generale are joint lead managers of the offering.
The bonds, which have a par price of €50,000, will mature Dec. 30, 2013.
FCC is a construction company based in Barcelona, Spain.
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