By Paul A. Harris
Portland, Ore., April 16 – Abengoa Finance SAU priced a €375 million issue of non-callable 7% five-year senior notes (B2/B/B) at 97.954 to yield 7½% on Thursday, according to a market source.
The yield printed at the tight end of the 7½% to 7¾% yield talk.
Global coordinator HSBC Bank plc will bill and deliver. Citigroup Global Markets Ltd. was also a global coordinator.
Bankia, Credit Agricole CIB, Morgan Stanley, Natixis, Banco Santander and SG CIB were the passive bookrunners.
The Seville, Spain-based engineering and clean technology company plans to use the proceeds to partially refinance its notes due in 2016.
Issuer: | Abengoa Finance SAU
|
Amount: | €375 million
|
Maturity: | April 15, 2020
|
Securities: | Senior notes
|
Global coordinators: | HSBC Bank plc (bill and deliver), Citigroup Global Markets Ltd.
|
Passive bookrunners: | Bankia, Credit Agricole CIB, Morgan Stanley, Natixis, Banco Santander, SG CIB
|
Coupon: | 7%
|
Price: | 97.954
|
Yield: | 7½%
|
Spread: | 765 bps
|
Call protection: | Non-callable
|
Trade date: | April 16
|
Settlement date: | April 21
|
Ratings: | Moody's: B2
|
| Standard & Poor's: B
|
| Fitch: B
|
Distribution: | Rule 144A and Regulation S for life
|
Price talk: | 7½% to 7¾%
|
Marketing: Roadshow
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.