OHL Issues €400 Million in Bonds

6/03/2014 – Expansion

The group ruled by Juan Miguel Villar Mir returns to capital markets in order to diversify its financial structure after having conducted two bond issues and one of notes for total value of €700 million in 2013.

When it comes to the new issue launched on Tuesday, the bonds for €400 million will bear a 4.7% coupon annually but paid biannually by 2022. OHL foresees finalization of the issue by the upcoming March 17th.

The company is going to apply for permission to negotiate the debt securities from the market regulated by the London Stock Exchange, according to information brought about by the CNMV (the Stock Market Commission in Spain).

At the end of 2013, the group owned a €5.541,6 million debt, that was by 32% bigger than a year before and mostly proceeding from the investment in Abertis´s capital. (…).



Original article: Expansión (Europa Press)

Translation: AURA REE