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FCC Aqualia successfully completes the setting of the price of two bond issues

01/06/2017

FCC Aqualia successfully completes the setting of the price of two bond issues

FCC Aqualia, the subsidiary of FCC Group, specialising in integral water management, has successfully completed the setting of the price of two simple bond issues. The amounts are for €700,000,000 with an annual remuneration of 1.413% and maturity in 2022, and €650,000,000 with an annual remuneration of 2.629% and maturity in 2027, respectively. Both issues will have real guarantees on certain assets of FCC Aqualia.

 

 

 

FCC Aqualia successfully completes the setting of the price of two bond issues

The closure and disbursement of the issues will take place in the next few days once the usual suspensive conditions for this type of operation have been completed.

It is expected that after the approval and registration of the relevant leaflet, the bonds will be admitted for negotiation in the unregulated market (Global Exchange Market) on the Irish Stock Exchange.

The total volume of demand exceeded the target placement amount by several times.

The CEO of FCC Group, Carlos M. Jarque, stated that “the weighted rate is close to 2%,” adding that “with this operation, FCC Group has made substantial progress in its policy of financial optimisation, as well as the re-ordering of the remaining bank debt.” He emphasised that “the company will continue to reduce costs and expenses for greater operational efficiency as well as maintaining a strict requirement for profitability in its new contracts.”