Abengoa issues $90 million of bonds for project financing in Uruguay

By Susanna Moon

Chicago, July 24 – Abengoa said it issued $90 million of non-recourse bonds in Uruguay to finance a project.

The debt was sold in the local markets in Uruguay.

Abengoa will be responsible for constructing, maintaining and operating a prison complex in the city of Montevideo, according to a company notice.

The prison is the first public-private partnership in Uruguay, according to Abengoa.

Abengoa is a Seville, Spain, company that applies innovative technology solutions for sustainability in the energy and environment sectors, generating electricity from renewable resources, converting biomass into biofuels and producing drinking water from sea water.

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