UPDATE 1-Abengoa starts marketing 375m five-year bond

April 16, 2015 10:14 AM

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LONDON, April 16 (IFR) - Spanish energy firm Abengoa is primed to issue its first benchmark bond deal since it came under scrutiny late last year for its debt accounting procedures.

On Thursday, the borrower started marketing a 375m five-year non-call life bond at 7.5%-7.75%, including original issue discount, which is substantiality higher than the coupon on its previous deal.

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