Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Abengoa Yield Seeks $600 Million in Initial Offering

April 1 (Bloomberg) -- Abengoa Yield Plc, a unit of the Spanish energy company Abengoa SA, is seeking to raise as much as $600 million in an initial public offering in the U.S.

The amount is a placeholder used to calculate fees and may change. Citigroup Inc. and Bank of America Corp. will underwrite the offering, Seville, Spain-based Abengoa said today in a filing to the U.S. Securities and Exchange Commission. The company has applied to list its shares on the Nasdaq Stock Market under the ticker ABY.

Abengoa, which began trading in the U.S. in October, expects Abengoa Yield to become its main vehicle for owning, managing and acquiring renewable energy projects, conventional power plants and transmission lines, according to the filing.

These so-called yieldco businesses are becoming more common among energy companies, and provide a division between units that develop new projects and those that own and operate completed assets.

NRG Energy Inc.’s yieldco unit NRG Yield Inc. raised $431 million in a July offering and the shares have gained 84 percent.

Abengoa Yield will initially focus on projects in North America, South America and Europe, with later plans for projects in Africa and the Middle East, according to the filing.

To contact the reporter on this story: Ehren Goossens in New York at

To contact the editors responsible for this story: Reed Landberg at Will Wade, Mohammed Hadi

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.