obrascon huarte lain s.a. (OBSJF) Key Developments
Obrascón Huarte Lain, S.A Announces Update on Issue of Senior Notes
Mar 20 15
OBRASCÓN HUARTE LAIN, S.A. informed that it has fixed the terms and conditions of an issue of senior notes in the amount of EUR 325,000,000 maturing in 2023. The notes will be issued at par to the Joint Global Coordinators and Joint Bookrunners of the Issue and will bear interest at a rate of 5.50% per annum payable semi-annually. Closing and payment of the Issue is expected to take place on 31 March 2015, subject to compliance with the usual conditions precedent in these transactions. In addition, it is expected that an application will be made for the notes to be admitted to trading on the London Stock Exchange's Regulated Market. The company expects to use the entire proceeds of the Issue towards the partial early redemption of the outstanding EUR 425,000,000 notes maturing in 2018 with a 8.750% coupon, thereby achieving a significant improvement in the financial cost and maturity of its long term debt.
Obrascon Huarte Lain SA Reports Unaudited Consolidated Earnings Results for the Full Year Ended December 31, 2014
Feb 26 15
Obrascon Huarte Lain SA reported unaudited consolidated earnings results for the full year ended December 31, 2014. For the year, the company reported net turnover of EUR 3,730.5 million compared to net turnover of EUR 3,517.9 million for the same period a year ago. Operating profit was EUR 614.1 million compared to EUR 1,029.0 million last year. Profit on continuing activities before taxes was EUR 409.0 million compared to EUR 627.9 million last year. Profit on continuing activities was EUR 185.3 million compared to EUR 405.0 million last year. Profit was EUR 185.3 million compared to EUR 405.0 million last year. Profit attributable to the parent company was EUR 23.2 million compared to EUR 270.4 million last year. EBITDA was EUR 1,078.4 million compared to EUR 1,212.7 million last year. Recurrent EBITDA was EUR 1,078.4 million compared to EUR 1,082.8 million last year. EBIT was EUR 614.1 million compared to EUR 1,029.0 million last year. Recurrent EBIT was EUR 915.2 million compared to EUR 899.1 million last year. Recurrent attributable net profit was EUR 140.2 million compared to EUR 270.4 million last year. Net borrowings were EUR 5,625.3 million compared to EUR 5,609.0 million last year. Cash used in operating activities was EUR 97.0 million.
Three Companies Refused To Bid For Vizhinjam International Port
Feb 25 15
Adani Ports and Special Economic Zone Limited (BSE:532921) is among the three companies which refused to bid for Vizhinjam international port and transshipment terminal but had held talks with government earlier. The government will also try to have talks with the other two companies: Essar Ports Limited (BSE:500630) and a consortium of SREI Infrastructure Finance Limited (BSE:523756) and Obrascon Huarte Lain SA (CATS:OHL) which had submitted Expression of Interest for the Vizhinjam international port and transshipment.
Government Extends Vizhinjam Tender Deadline
Feb 20 15
As no bids were received for the privatization of Vizhinjam international port and transshipment terminal, Government extended the date of submission of bids by a month. The companies that had given their expression of interest are Adani Ports and Special Economic Zone Limited (BSE:532921), Essar Ports Limited (BSE:500630), Gammon Infrastructure Projects Limited (BSE:532959), a consortium of SREI Infrastructure Finance Limited (BSE:523756) and Obrascon Huarte Lain SA (CATS:OHL), and a joint venture of Concast Infratech Limited and Hyundai Engineering & Construction Co., Ltd. (KOSE:A000720). Out of these companies, three companies requested for proposal documents but no bids were received till 11 am on February 20, 2015.
Obrascon Huarte Lain SA - Special Call
Feb 17 15
To discuss Strategy Update 2020