Spain's Abengoa plans to sell €250 million five-year notes Friday

By Paul A. Harris

Portland, Ore., Jan. 24 - Spanish conglomerate Abengoa Finance SAU held an investor conference call on Thursday afternoon in Europe to discuss a €250 million offering of five year notes (B1/B+), according to market sources.

The deal, which is being led by HSBC, Credit Suisse, Bank of America Merrill Lynch, Bankia, Banco Santander and SG CIB, is expected to price on Friday.

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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