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Obrascon Huarte Lain (50ML)


Thursday 15 March, 2012

Obrascon Huarte Lain

OHL 2020 Bond Issue 7.625%

RNS Number : 4663Z
Obrascon Huarte Lain, S.A.
15 March 2012



OBRASCÓN HUARTE LAIN, S.A. (the "Company"), in compliance with the provisions of article 82 of Act 24/1988, of 28 July, on the Securities Market (Ley del Mercado de Valores), by means of this document notifies the National Securities Market Commission (CNMV) of the following




Following the prior announcement made today, the Company informs that it has successfully completed today an issue of senior notes in the amount of three hundred million euro (EUR 300,000,000) with maturity date in 2020 (the "Issue"). The notes will be issued at par and will bear interest at a rate of 7.625% per annum payable semi-annually in arrears. Closing and payment of the Issue is expected to take place on 27 March 2012, subject to compliance with the usual conditions precedent in these transactions.

The net proceeds of the Issue will be used to repurchase the notes denominated "EUR 700,000,000 7.375 per cent. Notes due 2015"under the tender offer which has been announced on the date hereof.


Madrid, 15 March 2012




The information contained in this document does not constitute or form part of an offer to sell, or the solicitation of an offer to buy, securities in the United States, Canada, Australia or Japan.  The securities mentioned herein have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States absent registration or an exemption from the registration requirements of the Securities Act.  There will be no public offering in the United States of the securities mentioned herein. No money, securities or other consideration is being solicited and, if sent in response to the information contained herein, will not be accepted.


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