By Paul A. Harris
St. Louis, Nov. 23 - Spanish alternative energy firm Abengoa priced a €50 million add-on to its non-rated 9 5/8% senior secured notes due Feb. 25, 2015 at 101, a market source told Prospect News on Monday.
The company priced the original €250 million issue at 98.517 to yield 10% late last week.
The original issue was led by joint bookrunners BNP Paribas, Deutsche Bank, Santander and SG Corporate & Investment Banking. However the market source was unable to identify the underwriters for the add-on.
| Issuer: | Abengoa
|
| Face amount: | €50 million
|
| Proceeds: | €50.5 million
|
| Maturity: | Feb. 25, 2015
|
| Securities: | Add-on to 9 5/8% senior secured notes
|
| Coupon: | 9 5/8%
|
| Price: | 101
|
| Trade date: | Nov. 23
|
| Rating: | Non-rated
|
| Original issue: | €250 million at 98.517 to yield 10% on Feb. 19
|
| Total issue size: | €300 million
|
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