Pledge perfection, pre-sounding pay off for OHL
An unlisted subsidiary of Spanish construction firm Obrascón Huarte Lain raised €275m from an exchangeable into the company’s listed Mexican unit on Tuesday in a deal that was heavily pre-sounded with investors needing to do extensive work on a complicated structure and credit. Wall-crossed investors that put in the time were rewarded with big allocations, though the final book included around 50 lines.
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