By Devika Patel
Knoxville, Tenn., June 19 – Izcalli Investments, SAU completed a private placement of about €207 million of 19-year bonds to refinance nine solar plants in Spain.
The bonds (/AA/) are guaranteed by Assured Guaranty (Europe) plc.
The deal was arranged by lead managers Banco de Sabadell SA and Banco Santander SA.
The bonds were issued as a private placement to a group of European investors led by Talanx Group, together with South Korean investors, according to a press release.
Based in Madrid, Izcalli Investments is an entity majority owned by Q-Energy Group, an investor and asset manager in the photovoltaic solar sector.
| Issuer: | Izcalli Investments, SAU
|
| Guarantor: | Assured Guaranty (Europe) plc
|
| Issue: | Bonds
|
| Amount: | €207 million
|
| Maturity: | 19 years
|
| Managers: | Banco de Sabadell SA and Banco Santander SA
|
| Settlement date: | June 18
|
| Rating: | S&P: AA
|
| Distribution: | Private placement
|
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