ACS pays down debt with €800m Iberdrola sale

Grupo ACS sold down €800m of its 18.5% stake in Iberdrola on Wednesday, repaying some of the debt it used to fund the holding and freeing up cash rather than tying it up in a SPV.

  • 18 Apr 2012

UBS and Société Générale were joint bookrunners for the surprise deal which was priced with a 7% discount and was followed by a weak stock price on Wednesday.

ACS has been under pressure to reduce debt, some of which is issued by various SPVs and secured on the ...

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All International Bonds

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1 JPMorgan 94,925.33 384 8.39%
2 Citi 87,531.58 331 7.74%
3 Bank of America Merrill Lynch 84,341.49 288 7.46%
4 Barclays 75,288.19 241 6.66%
5 Goldman Sachs 68,504.71 208 6.06%

Bookrunners of All Syndicated Loans EMEA

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1 Bank of America Merrill Lynch 10,650.87 23 11.13%
2 Deutsche Bank 8,169.49 17 8.53%
3 HSBC 6,243.46 23 6.52%
4 Citi 4,355.35 13 4.55%
5 SG Corporate & Investment Banking 4,273.37 17 4.46%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
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1 JPMorgan 6,305.34 22 10.84%
2 Deutsche Bank 4,468.97 23 7.68%
3 UBS 4,270.64 20 7.34%
4 Citi 3,833.33 28 6.59%
5 Goldman Sachs 3,788.75 20 6.51%