Spain's Abengoa plans €250 million tap of 8 7/8% notes due 2018

By Paul A. Harris

Portland, Ore., Sept. 23 - Agengoa Finance SAU began a brief roadshow for a €250 million add-on to its non-callable 8 7/8% senior notes due Feb. 5, 2018 (expected ratings B2/B) on Monday, according to informed sources.

Marketing is expected to continue into Tuesday, and the deal is set to price thereafter.

Joint physical bookrunner Citigroup will bill and deliver for the Rule 144A and Regulation S deal. Morgan Stanley is also a joint physical bookrunner.

Proceeds will be used to repay debt.

The Seville, Spain-based company has interests in the energy, telecommunications, logistics and environmental sectors

The original €250 million issue priced at par on Jan. 25, 2013.

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