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Prospect News home > News index > List of issuers E > Headlines for ENCE Energia y Celulosa, SA > News item |
Spain's ENCE talks €250 million seven-year secured notes to yield 7¼%
By Paul A. Harris
Portland, Ore., Jan. 24 - Spain's ENCE Energia y Celulosa, SA talked its €250 million offering of seven-year senior secured notes (B1) to yield 7¼%, a market source said on Thursday.
The deal is set to price on Friday.
Joint bookrunner Deutsche Bank will bill and deliver. BBVA, Banesto, Bankia, Barclays and Citigroup are also joint bookrunners.
Bankinter and Banc Sabadell are the co-managers.
The Rule 144A and Regulation S notes come with three years of call protection.
The Madrid-based pulp producer and renewable energy generator plans to use the proceeds to repay debt.
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