By
Reuters |
Financial News | May 11, 2009 11:32AM GMT |
*Abertis places 20 billion yen bonds with U.S. insurer Aflac
*Bonds due 2039, in line with aims to extend life of debt.
(Updates with official confirmation of bond placement)
MADRID, May 11 (Reuters) - Spanish motorway group Abertis
has placed 20 billion yen ($203 million) of bonds due in 2039
with U.S. insurer Aflac, an Abertis spokesman said on Monday,
confirming earlier information from a source.
Rating agency Standard and Poor's recently affirmed its A-
credit rating on Abertis with negative outlook.
The private bond placement is in line with Abertis's aim to
lengthen the average life of its debt and seek alternatives to
established financing methods.
(Reporting by Carlos Ruano; Writing by Jonathan Gleave; Editing
by Rupert Winchester)
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