Ferrovial, Pescanova, Sacyr May Move: Spanish Equity Preview

The following companies may have unusual price changes in Spanish trading. Stock symbols are in parentheses and share prices are from the previous close.

Spain’s IBEX 35 fell 93.8 points, or 0.9 percent, to 10,784.50.

Ferrovial SA (FER) : Spain’s second-largest builder by market capitalization signed a 1.31 billion-euro ($1.9 billion) four-year loan with 32 lenders, the company said in a filing to regulators. The accord also includes a credit line of 541 million euros. The shares dropped 1.9 percent to 9 euros.

Pescanova SA (PVA) : The Spanish frozen fish producer said it will sell 180 million euros of convertible bonds and set an initial conversion price of 36.24 euros. It will also pay 31.9 million euros to buy back debt with a nominal value of 26.6 million euros, the company said in a regulatory filing. The shares retreated 1.8 percent to 27.82 euros.

Sacyr Vallehermoso SA (SYV) : The Spanish builder completed the sale of 200 million euros of convertible bonds, the company said in a regulatory filing. The shares declined 0.4 percent to 9.29 euros.

To contact the reporter on this story: Sharon Smyth in Madrid at ssmyth2@bloomberg.net

To contact the editor responsible for this story: Andrew Blackman at ablackman@bloomberg.net.

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