Abengoa Bonds Rebound as Firm Seeks to Reassure Investors
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Abengoa SA’s bonds rebounded from record lows as the Spanish renewable energy company sought to reassure investors about the degree of security offered on some of its debt.
Abengoa’s 500 million euros ($625 million) of 8.5 percent notes rose 15.6 cents on the euro to 93.1 cents at 3:38 p.m. in Madrid after falling 22.9 cents on Friday, according to data compiled by Bloomberg. Its 550 million euros of 8.875 percent bonds climbed to 88.9 cents from a record low 74.3 cents.