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