Spain's Abengoa talks €250 million tap of the 8 7/8% notes due 2018 at 100.25-100.75

By Paul A. Harris

Portland, Ore., Sept. 24 - Abengoa Finance SAU talked a €250 million add-on to its non-callable 8 7/8% senior notes due Feb. 5, 2018 (expected ratings B2/B) at 100.25 to 100.75, a market source said on Tuesday.

A brief roadshow, announced on Monday, was set to conclude Tuesday.

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.

© 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.