Key Developments: Abengoa SA (ABGOY.PK)

ABGOY.PK on OTC Markets Group

24 Apr 2015
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Latest Key Developments (Source: Significant Developments)

Abengoa unit approves senior note issue
Wednesday, 15 Apr 2015 08:00pm EDT 

Abengoa SA:Says its unit, Abengoa Finance SAU, has approved issue of senior notes addressed to institutional and qualified investors in principal amount of 375 million euros and due April 2020 that will be guaranteed by the company and several of the company‚Äôs subsidiaries.Notes have been priced at 97.954 percent of their nominal amount.Notes will accrue interest at annual rate of 7 percent payable semi-annually.Closing of issue is expected to take place on April 21, once the customary conditions precedent for this type of issue have been met.Notes are expected to be admitted to trading on Euro MTF Market of Luxembourg.  Full Article

Abengoa sees Q1 2015 total sales of between 1.54 bln euros and 1.57 bln euros
Tuesday, 7 Apr 2015 03:00am EDT 

Abengoa SA:Sees Q1 2015 total sales of between 1.54 billion euros and 1.57 billion euros.Sees Q1 2015 EBITDA of between 265 million euros and 285 million euros.Q1 2015 revenue of 1.58 billion euros- Thomson Reuters I/B/E/S.Q1 2015 EBITDA of 302 million euros- Thomson Reuters I/B/E/S.  Full Article

Abengoa awarded significant power transmission line contract in Canada
Thursday, 12 Mar 2015 02:55pm EDT 

Abengoa SA:Has been selected by NSP Maritime Link Inc, a subsidiary of Emera Inc. to build just over 400 km of overhead power transmission lines.The contract is valued at about $155 million.This work includes the development of several overhead transmission lines.On the island of Newfoundland, Abengoa will develop about 160 km of 230 kV AC transmission line from Granite Canal Substation to Bottom Brook Substation; 142 km of 200 kV HVDC from Bottom Brook to Cape Ray and 23 km of 5 kV grounding line from Bottom Brook Converter Station to Indian Head.In Nova Scoti, Company will build 46 km of 200 kV HVDC transmission line from Point Aconi to the Woodbine Substation and 41 km of 5 kV grounding line from the Woodbine Converter Station to Big Lorraine.The Maritime Link Project is part of the plan to transmit clean renewable and reliable energy from Newfoundland and Labrador to Nova Scotia, improving the environment and reducing dependence on fossil fuels in Atlantic Canada.This project will connect the island of Newfoundland, through 170 km subsea cable, with Nova Scotia and the North American electricity system for the first time in history.  Full Article

Abengoa issues exchangeable bonds of $279 mln
Thursday, 26 Feb 2015 06:19pm EST 

Abengoa SA:Issues senior exchangeable bonds of $279 million with maturity on March 5, 2017.Bonds to bear fixed annual interest of 5.125 percent.Bonds to be initially exchangeable for 7.2 million shares of Abengoa Yield (exchange property) at conversion price of $ 38.736.  Full Article

Abengoa to pay FY 2014 dividend
Wednesday, 25 Feb 2015 07:00pm EST 

Abengoa SA:To pay dividend for 2014 of 0.113 euro gross per share on April 17.  Full Article

Abengoa SA reaffirms FY 2015 outlook - Conference Call
Monday, 23 Feb 2015 12:00pm EST 

Abengoa SA:Expects FY 2015 revenue in the range of 7.850 - 7.950 bln Euros, representing a 10- 11 pct growth compared to FY 2014.Expects FY 2015 consolidated EBITDA to range between 1.4 bln Euros and 1.450 bln Euros , flat or up 4 pct above FY 2014.Expects FY 2015 net income to stay in the range of 280 mln Euros and 320 mln Euros, representing an increase of 125- 155 pct compared to FY 2014.  Full Article

Abengoa SA gives FY 2015 revenue guidance, EBITDA below analysts' estimates, net income above analysts' estimates-Conference Call
Monday, 9 Feb 2015 05:00pm EST 

Abengoa SA:Expects FY 2015 revenue to stay on the range of 7.850 to 7.950 billion Euros, representing 10 - 11 pct growth compared FY 2014.FY 2015 consolidated EBITDA to range between 1.400 - 1.450 billion Euros.FY 2015 net income to stay in the range of 280 - 320 million Euros, representing an increase of 125 to 155 pct compared to FY 2014.FY 2015 revenue of 8.100 billion Euros, EBITDA of 1.568 billion Euros, net income of 221 million Euros - Thomson Reuters I/B/E/S.  Full Article

Abengoa SA signs desalination research partnership in Abu Dhabi
Wednesday, 28 Jan 2015 02:51am EST 

Abengoa SA:Has recently signed research partnership agreement with Masdar Institute and the Abu Dhabi Future Energy Company (Masdar company).Objective of this research project is to optimize technology of membrane distillation for the treatment of reverse osmosis brines.Says accomplishment of this objective would improve the water recovery and productivity of seawater reverse osmosis plants, while reducing the volume of brine discharge, increasing environmental sustainability of whole desalination process.  Full Article

Abengoa SA and AWT to develop Solar-Powered Desalination Plant, in Saudi Arabia
Wednesday, 21 Jan 2015 06:47am EST 

Abengoa SA:Has been selected by Advanced Water Technology (AWT).To jointly develop large-scale desalination plant to be powered by solar energy, in Saudi Arabia.AWT is newly formed company based in Riyadh whose mission is to bring affordable water solutions through innovation and sustainability.It is commercial arm of KACST (King Abdulaziz City Science and Technology) and is owned by Taqnia.Says plant will produce 60,000 m3 of water day to supply Al Khafji City in North Eastern Saudi Arabia, ensuring a constant water supply throughout the year.This is global pioneering project since it incorporates a photovoltaic plant that will be capable of supplying the power required by the desalination process, significantly reducing the operational costs.Says it will also have system to optimize power consumption and a pre-treatment phase to reduce high level of salinity and oils and fats that are present in the region's seawater.  Full Article

Abengoa SA raises $328 mln from US share sale
Friday, 16 Jan 2015 05:12pm EST 

Abengoa SA:Raises $328 mln from US share sale in Abengoa Yield after underwriters exercised their over-allotment option to buy extra 1.38 million shares in the offering.Abengoa says it had sold nearly 10.6 million shares in Abengoa Yield.  Full Article

Abengoa pays high price for bond market return

LONDON, April 17 (IFR) - Abengoa regained access to the bond market this week, something that seemed impossible just six months ago, but it had to pay a high price to convince badly burnt investors to buy its debt.

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