Abengoa fails to make payments on two series of euro-commercial paper

By Mark Reccek

Bethlehem, Pa., Feb. 5 – Abengoa, SA has not paid the €2.16 million of amounts due on its series ECP278 and ECP311 notes issued under its €750 million euro-commercial paper program, according to a Friday news release.

As previously reported, negotiations are in progress between Abengoa and its financial creditors under the protection of the Spanish Insolvency Law.

Seville, Spain-based Abengoa is an industrial and technology group.

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