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Spain's Abengoa talks benchmark euro-denominated notes at 10%-10¼%
By Paul A. Harris
St. Louis, Nov. 18 - Spanish alternative energy firm Abengoa set price talk for its unrated benchmark euro-denominated notes offering at 10% to 10¼%, a market source told Prospect News on Wednesday.
The books are expected to close on Thursday.
BNP Paribas, Deutsche Bank, Santander and SG Corporate & Investment Banking are leading the deal.
The coupon will step up by 125 basis points if the deal remains unrated after one year.
Other terms of the offering were not immediately available.
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