Spain's Aldesa nets 4.5 times covered orderbook for €250m high yield debut

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Spain's Aldesa nets 4.5 times covered orderbook for €250m high yield debut

Aldesa

Grupo Aldesa, the civil engineering and construction company, joined the recent spate of Spanish issuers in the high yield market on Thursday, issuing a €250m debut bond at the tight end of price guidance with a book more than 4.5 times covered.

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