Abengoa Transmision Sur prices bond deal

Abengoa Transmision Sur prices bond deal

Bonds

Peruvian power line operator Abengoa Transmision Sur (ATS) sold a 2044 $432m senior secured bond in a deal that was 4.5 times oversubscribed, sources said on Tuesday. The 144A/RegS transaction was led by BNP Paribas and HSBC and sold at a yield of 6.875%, down from initial price thoughts of low-mid 7% issued on Friday, while the final price guidance was said to be in the low 7% - high 6% range. The total order book reached $1.9bn and strong demand prompted the issuer to increase the size slightl

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