By Paul A. Harris
Portland, Ore., May 31 – Atlantica Yield plc completed the private placement of a $300 million equivalent issue of euro-denominated six-year notes with a single investor on Thursday, according to a market source.
The bonds have a hedged coupon of 4.4%.
The London-based company, which owns contracted renewable energy, power generation, electric transmission and water assets, plans to pay off its 7% high-yield bonds, which were set to mature in November 2019.
| Issuer: | Atlantica Yield plc
|
| Amount: | $300 million equivalent
|
| Tenor: | Six years
|
| Securities: | Euro-denominated notes
|
| Hedged coupon: | 4.4%
|
| Placement: | Private
|
| Completion date: | May 31
|
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