Spain's Abengoa to price $400 million six-year bullet notes

By Paul A. Harris

Portland, Ore., Dec. 5 - Abengoa Finance SAU is in the market with a $400 million offering of non-callable six-year senior notes (expected ratings B2/B/B+), according to market sources.

The deal is expected to price before the end of the week.

Joint bookrunner BofA Merrill Lynch will bill and deliver for the Rule 144A for life and Regulation S offering. HSBC, Credit Agricole CIB and Natixis are also joint bookrunners.

The Seville, Spain-based company plans to use the proceeds to refinance debt.

Abengoa has interests in the energy, telecommunications, logistics and environmental sectors.

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