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UPDATE 1-Abengoa to issue 200 mln euros exchangeable bonds

Thu Jun 25, 2009 10:20am EDT

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MADRID, June 25 (Reuters) - Spanish engineer Abengoa (ABG.MC) said on Thursday it would issue 200 million euros ($281 million) of five-year bonds convertible into shares at 21.12 euros.

The issue will carry a semi-annual coupon of 6.875 percent.

The debt issue, scheduled for July 24, will be managed by BNP Paribas and Deutsche Bank and aimed at Spanish and international investors. (Reporting by Andrew Hay; Editing by Will Waterman and Dan Lalor) ($1 = 0.7106 euro)



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