Bull market helps ACS sail through worries to raise €720m with Iberdrola exchangeable
ACS, the Spanish construction firm, raised €720m on Friday through a five-year bond exchangeable into utility, Iberdrola. The deal was hit by problems as it came to market, but a frenzied equity-linked market helped those involved to price the deal at competitive terms for the issuer.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts