Obrascon Huarte Lain Prices EUR300 Million 7.625% Eight-Year Bond At Par
March 15 2012 - 2:21PM
Dow Jones News
Spanish construction company Obrascon Huarte Lain SA (OHL.MC)
priced a EUR300 million eight-year bond, one of the banks on the
deal said Thursday.
At the same time, the company is buying back up to EUR300
million of its existing EUR700 million, 7.375% bond maturing 2015,
the company said in a statement.
Credit Suisse Group AG, BBVA, Banesto, Bankia SA, Bank of
America Merrill Lynch, CaixaBank SA, Citigroup Inc., Credit
Agricole CIB, ING, Natixis, Santander GBM, Societe Generale CIB and
Royal Bank of Scotland Group PLC are the banks running the new bond
sale and the buyback.
Amount: EUR300 million
Maturity: March 15, 2020
Coupon: 7.625%
Reoffer Price: 100
Payment Date: March 27, 2012
Yield: 7.625%
Debt Ratings: Ba2 (Moody's)
BB- (Standard & Poor's)
Denominations: EUR100,000
Listing: Luxembourg
-By Serena Ruffoni, Dow Jones Newswires, +44 (0) 207 842
9349;
serena.ruffoni@dowjones.com
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