Report

Sacyr : ¿Quizás, Quizás, Quizás?

Sacyr intends to issue an inaugural sub-benchmark EUR-denominated senior unsecured straight bond with “intermediate” maturity. This bond would be issued under the company’s EMTN program (the programme’s size is EUR 500m). The prospectus of the latter was published in May 2018 and we understand that there will be a simple termsheet on the new bond. This process is fairly uncommon for a shadow single-B name and the prospectus of the programme is surprisingly short. - After talking to...
Underlying
Sacyr S.A.

Sacyr is the parent company of a group engaged in the acquisition, development and construction of urban properties for their subsequent rental or resale. Co. primarily leases and sells office buildings and complexes, housing units, and shopping centers. Co. is also engaged in the operation of urban car parking facilities. Co. offers services related to the real estate industry such as technical assistance in energy savings, inventory management, architectural design, telecommunications management, property maintenance, as well as gardening and landscaping. Co. also provides consulting services in the real estate fund management sector.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

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