Abengoa prices HY green bond wide, driven by HY investors

By Olivier Holmey
25 Sep 2014

Abengoa issued €500m-equivalent of five year green bonds on Wednesday, pricing them wider than expected, with a lead banker blaming a weak market.

The Spanish renewable energy and engineering firm issued a €265m tranche at the wide end of price talk of 5.25% to 5.5%. The $300m tranche was priced at 6.5%, 25bp wider than the wide end of price talk. Both tranches were issued at par.

“The market was weak,” ...

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